Spectator on facebook

Spectator on facebook

Mikloš unveils state budget draft, deficit to fall to 3.8 percent of GDP

The state budget deficit should amount to €3.1 billion in 2012, Finance Minister Ivan Mikloš (Slovak Democratic and Christian Union (SDKÚ)) announced at a press conference on Thursday, August 11. The draft predicts revenues of €15.3 billion and expenditure of €18.4 billion next year, the TASR newswire wrote.

The state budget deficit should amount to €3.1 billion in 2012, Finance Minister Ivan Mikloš (Slovak Democratic and Christian Union (SDKÚ)) announced at a press conference on Thursday, August 11. The draft predicts revenues of €15.3 billion and expenditure of €18.4 billion next year, the TASR newswire wrote.

According to European methodology, the public administration deficit will reach €2.8 billion in 2012, representing 3.8 percent of GDP. This year's deficit is projected to be 4.9 percent. Total public administration revenues should reach €24.3 billion, while expenditure will total €27.1 billion. The state budget draft is set to be released by the Finance Ministry on Friday, August 12.

The first draft will include only basic priorities in the spheres of transport infrastructure and education. Other political priorities will be subject to further coalition talks over the next few weeks. Mikloš indicated that the Finance Ministry would be able to meet only 10 percent of the extra funding requirements submitted by individual ministries.

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

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.

Teachers and scientist support anti-corruption march

They praise the activities of students who may change the current state of corruption.

Organisers of the first student protest, Karolína Farská and Dávid Straka.