Spectator on facebook

Spectator on facebook

Slovakia’s Finance Ministry to seek no further austerity measures at this time

Developments in Slovakia's public finances are basically positive and for that reason the Finance Ministry is currently not preparing any additional measures to reduce the general government deficit further than the projected goal of 4.9 percent of gross domestic product, Finance Minister Ivan Mikloš stated at a news conference on August 2, as reported by the SITA newswire.

Developments in Slovakia's public finances are basically positive and for that reason the Finance Ministry is currently not preparing any additional measures to reduce the general government deficit further than the projected goal of 4.9 percent of gross domestic product, Finance Minister Ivan Mikloš stated at a news conference on August 2, as reported by the SITA newswire.

"We do not see any reason to draft additional measures," Miklos stated, adding that the ministry is ready to take further action if further measures to achieve the goals of the consolidation plan are needed. He did not specify what these might be.

Despite the positive developments in public finances, the minister said certain risks could be seen such as poor results in other country’s economies, the need for consolidation of the state-run railway companies, settling the debts of state-run hospitals or shortfall of revenues from the sale of excess emission quotas, the Sme daily wrote.

Mikloš also noted that some items in the state budget, such as expected dividends, could be higher than originally projected.

Source: SITA, Sme

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 remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Kotleba should be defeated in election, not banned

More constitutional can be less democratic, and it is not clear that it always has the intended result. Perhaps the clearest historical case came with the rise of the Nazis in Germany.

Marian Kotleba

Slovakia to leave NATO is a hoax

The Slovak Spectator brings you a selection of hoaxes that appeared over the past week.

Some peple gathered at Slavin in Bratislava brought ani-NATO banners.

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)