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State budget deficit in October is one-third lower than last year

Slovakia’s state budget deficit rose from €2.159 billion in September to €2.341 billion in October, the Finance Ministry announced on November 2 while stressing that in annual terms the deficit was 30.6 percent lower than in October 2010 when it had reached €3.373 billion, the TASR newswire reported. A deficit of €3.8 billion is projected for all of 2011 compared to the €4.4-billion deficit recorded in 2010.

Slovakia’s state budget deficit rose from €2.159 billion in September to €2.341 billion in October, the Finance Ministry announced on November 2 while stressing that in annual terms the deficit was 30.6 percent lower than in October 2010 when it had reached €3.373 billion, the TASR newswire reported.

A deficit of €3.8 billion is projected for all of 2011 compared to the €4.4-billion deficit recorded in 2010.

Budget revenue amounted to €9.311 billion as of October, a rise of 9.9 percent year-on-year and reached 70.8 percent of the amount projected for the whole year (€13.148 billion).

Expenditures reached €11.653 billion at the end of October, a fall of 1.6 percent compared to last year and 68.7 percent of the €16.958 billion in expenditures planned for the whole year.

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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