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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
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