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State to provide €350 million to settle public hospitals' debts

The Slovak state will probably have to pay €350 million to settle the debts of public hospitals following their transformation from budget-subsidised organisations to joint-stock companies, the SITA newswire wrote on Monday, August 15.

The Slovak state will probably have to pay €350 million to settle the debts of public hospitals following their transformation from budget-subsidised organisations to joint-stock companies, the SITA newswire wrote on Monday, August 15.

The Finance Ministry has proposed that the sum be raised from the state's financial assets within the project of financial stability of health-care facilities. At the end of March this year, the overdue liabilities of state-run hospitals represented €240 million, while the non-overdue liabilities amounted to the same amount. According to previous statements by Finance Minister Ivan Mikloš, the reserves of the state privatisation agency, the National Property Fund (FNM), as well as the state's financial assets, were to be used for settlement of the hospitals' debts. Proceeds from privatisation of the hospitals were then expected to refill the FNM's coffers.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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