Spectator on facebook

Spectator on facebook

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.

Top stories

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava