BUSINESS IN SHORT

State now costs less, says minister

THE OPERATING costs of the state have dropped significantly in the last year, Finance Minister Ivan Mikloš announced on July 4, as reported by the SITA newswire. According to Mikloš, costs related to the operation of state institutions dropped during the first half of 2011 by 9.1 percent year-on-year.

THE OPERATING costs of the state have dropped significantly in the last year, Finance Minister Ivan Mikloš announced on July 4, as reported by the SITA newswire. According to Mikloš, costs related to the operation of state institutions dropped during the first half of 2011 by 9.1 percent year-on-year.

While in the first half of 2010 the operating costs totalled €4.77 billion, this year they fell to €4.34 billion.

“The cost of the state went down significantly and the budget is developing well,” Mikloš said, as quoted by SITA. According to him, the cost items growing faster than last year are expenses related to servicing the national debt and to co-financing projects supported by EU funds.

The state budget deficit remained stable in June in a month-on-month comparison, at €1.567 billion. For the first six months, using a year-on-year comparison, the budget situation improved 35.3 percent: in 2010, by the end of June the state budget deficit had reached €2.439 billion.


The state budget deficit is projected to be €3.81 billion in 2011.


Get daily Slovak news directly to your inbox

Top stories

Here's what the across-the-board coronavirus testing should look like

The Defence Ministry introduced the basic steps of the planned testing.

Bratislava is testing special trolleybus

Public transport should become greener in the capital.

Bratislava borroved the hybrid trolleybus from the Czech city of České Budějovice for a week.

Teachers trust conspiracy media, they think the government is not handling the pandemic well

One-third of teachers think the coronavirus vaccination is a preparation for implanting chips, recent poll shows.

The school in Trenčianske Stankovce.

Ombudswoman, summer festival and a scientist. The awards for sustainable development have been granted

The Pontis Foundation awarded organisations, institutions and individuals for the second time.