Slovakia’s Coalition Council to discuss payroll tax levies on Tuesday

Changes in taxes and social and health insurance contributions are again the topic of the August 31 meeting of party leaders of Slovakia's four-party, centre-right coalition that starts at 17:00, the SITA newswire wrote.

Changes in taxes and social and health insurance contributions are again the topic of the August 31 meeting of party leaders of Slovakia's four-party, centre-right coalition that starts at 17:00, the SITA newswire wrote.

In order to increase the budget revenues, the government will try to seek solutions, which will least burden labour-related income and instead tax consumption and income from capital, explained Prime Minister Iveta Radičová after last week's session of the Coalition Council.

“This alternative, or its particular form, has not been decided yet,” she said.

The cabinet also wants to save €1.7 billion in next year’s budget and wants to do so in three ways, Radičová told SITA. The first method consists of setting structural priorities in public finances to ensure employment growth and job creation. The second way of reducing the deficit is saving on the expenditure side of the budget, which should make up the bigger part of the overall planned savings of €1.7 billion. The cabinet wants to gain the smallest part of the amount by increasing the revenues of the government.

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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