Slovakia recorded a state budget surplus of €98 million in January compared with an €18 million deficit in January 2011, the Finance Ministry announced on February 1, as reported by the TASR newswire. The state's total revenue in the month was €1.02 billion and expenditure was €922 million. The planned deficit for 2012 is €3.675 billion with revenue of €13.625 billion and expenditure of €17.3 billion.
"The current black figures are thanks to a 23-percent rise in revenue, while the increase in expenditures stood at close to 9 percent," ministry spokesman Martin Jaroš told TASR, adding that a number of specific items on both the revenue and the expenditure sides of the budget were observed in January.
"The revenue side was influenced by one-off effects such as the suspension of the due date on income tax on corporate entities from the end of December to early January as well as by a lower reimbursement of VAT payments, because some of the reimbursement payments that were originally due in January were actually carried out in December," Jaroš stated, as quoted by TASR.
Compiled by Zuzana Vilikovská from press reports
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