Coalition Council debates ways to increase state revenues

In an effort to increase budgetary revenues, the government will seek solutions that will put the smallest burden possible on income from work, while the burden on consumption and income from capital will be heavier, stated Prime Minister Iveta Radičová following a meeting of the Coalition Council on Tuesday, August 24.

In an effort to increase budgetary revenues, the government will seek solutions that will put the smallest burden possible on income from work, while the burden on consumption and income from capital will be heavier, stated Prime Minister Iveta Radičová following a meeting of the Coalition Council on Tuesday, August 24.

She told the SITA newswire that no final decision on the alternatives had been made, nor had the coalition partners agreed yet upon any specific form. An expert working group consisting of representatives of the coalition parties will evaluate proposals to raise budgetary revenues; the Coalition Council will then meet again to discuss the suggestions next Tuesday (August 31).

The cabinet plans to save €1.7 billion in next year’s budget in three ways. First, it plans to define priorities in the allocation of public funds in order to ensure growth in employment and the creation of new jobs. Second, cuts in budgetary expenditures are to account for a larger proportion of the amount to be saved. Third, the revenues of the public administration should increase. The prime minister proposed postponing changes to the system of health insurance and social security contributions in order to reform the system thoroughly, and not just partially.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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