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.

Get daily Slovak news directly to your inbox

Top stories

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.

Police investigate surveillance of journalist, IPI calls for utmost seriousness

Police launch criminal prosecution after Denník N reporter said she was followed and opposition MP Robert Fico wrote about her private life.

l-r: Head of Let's Stop Corruption Foundation Zuzana Petková, journalist Monika Tódová, journalist Adam Valček, and Xénia Makarová of the Let's Stop Corruption Foundation