Spectator on facebook

Spectator on facebook

Slovakia records budget surplus of nearly €100 million in January

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.

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.

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

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.