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Slovakia’s cabinet approves 2012 state budget

A political agreement regarding the 2012 state budget was reached on Wednesday, October 12, with the Freedom and Solidarity (SaS) party, said Finance Minister Ivan Mikloš from the Slovak Democratic and Christian Union (SDKÚ) after a session of the government, the TASR newswire reported. "I would consider laying any conditions [on the part of coalition partner, Freedom and Solidarity] for fulfilling this agreement to be inappropriate," Mikloš said, as quoted by TASR.

A political agreement regarding the 2012 state budget was reached on Wednesday, October 12, with the Freedom and Solidarity (SaS) party, said Finance Minister Ivan Mikloš from the Slovak Democratic and Christian Union (SDKÚ) after a session of the government, the TASR newswire reported.

"I would consider laying any conditions [on the part of coalition partner, Freedom and Solidarity] for fulfilling this agreement to be inappropriate," Mikloš said, as quoted by TASR.

He conceded that the situation in the wake of the government's fall is not a standard one but said that agreements that had been already concluded should remain valid. Despite its fall on Tuesday October 11, the cabinet managed to approve the state budget for 2012.

The modified version of the budget plans a deficit of €3.3 billion with revenue of €15.4 billion and expenditures of €18.6 billion. The public finance deficit is predicted to decrease from 4.9 percent of GDP in 2011 to 3.8 percent in 2012 according to the budget and the 3-percent threshold under the European criteria is to be reached in 2013.

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.

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