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Slovak Finance Ministry releases budget with deficit of 5.5% of GDP for 2010

The 2010 public finances deficit is expected to be at 5.5 percent of gross domestic product on revenues of €23.97 billion and expenditure of €27.68 billion, according to the general government budget plan published by the Finance Ministry on September 29, TASR wrote.

The 2010 public finances deficit is expected to be at 5.5 percent of gross domestic product on revenues of €23.97 billion and expenditure of €27.68 billion, according to the general government budget plan published by the Finance Ministry on September 29, TASR wrote.

The percentage amount of the deficit for the whole public sector is the same as for the central government (state) budget. That figure was announced on September 28, featuring revenues of €12.53 billion and expenditures of €16.28 billion.

Compared to 2009, expenditures of three ministries are set to be higher in 2010 compared to this year. Excluding money coming from the EU and through co-financing, the Health Ministry is set to spend €90.6 million more in 2010 than this year. Expenditures of the Labour, Social Affairs and the Family Ministry are planned to be higher by €67.69 million, while the Education Ministry will be authorised to spend an extra €9.37 next year. TASR

Compiled by Zuzana Vilikovská from press reports
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