Spectator on facebook

Spectator on facebook

Slovakia’s public finance deficit increases to €655 million in March

The state-budget deficit deepened from the €344 million reported in February to €655 million in March, the Finance Ministry said on April 1, as reported by the TASR newswire. Revenue to the state reached €2.752 billion in March, 9.6 percent higher year-on-year but expenditures reached €3.407 billion. The state’s finances improved significantly in a year-on-year comparison, however, as the deficit was €983 million in March 2010. The overall deficit expected for 2011 is €3.8 billion.

The state-budget deficit deepened from the €344 million reported in February to €655 million in March, the Finance Ministry said on April 1, as reported by the TASR newswire. Revenue to the state reached €2.752 billion in March, 9.6 percent higher year-on-year but expenditures reached €3.407 billion.

The state’s finances improved significantly in a year-on-year comparison, however, as the deficit was €983 million in March 2010. The overall deficit expected for 2011 is €3.8 billion.

Source: TASR

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

Top stories

Slovakia threatened with returning funds for dual education

The system is still not running as it should, and if the country fails to meet goals, it may be asked to pay back the money allocated from EU coffers.

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Trams will test renewed tram track in downtown Bratislava on Friday

Originally, the tram track should have been put back in operation on November 15

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.