Spectator on facebook

Spectator on facebook

Eurostat reports Slovakia's 2011 deficit at 4.8 percent of GDP

Slovakia's government closed last year with a deficit of 4.8 percent of GDP according to the EU statistics office, Eurostat, which included loans to state-run hospitals and railway companies as part of the deficit. These loans occurred during the first government of Robert Fico between 2008 and 2010 and increased the deficit by €633 million, or about 0.9 percent of GDP, the SITA newswire wrote based on the Eurostat report.

Slovakia's government closed last year with a deficit of 4.8 percent of GDP according to the EU statistics office, Eurostat, which included loans to state-run hospitals and railway companies as part of the deficit. These loans occurred during the first government of Robert Fico between 2008 and 2010 and increased the deficit by €633 million, or about 0.9 percent of GDP, the SITA newswire wrote based on the Eurostat report.

The government deficit last year hit €3.327 billion, down from over €5 billion in the previous two years. The government's overall debt rose by over €29.9 billion and as a percentage of GDP went up by 2.24 percentage points to 43.31 percent.

Without the transfers to state-run hospitals and railway companies from previous years, the government would have closed the year with a deficit of 3.9 percent of GDP, SITA wrote, and that would have been better than the budget plan.

After two years with deficits of around 8-percent, the government's performance improved in 2011.

Source: SITA

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

We were joking before the trip, women from the first transport to Auschwitz recall Video

On March 25, Slovakia marked 75 years since the first transport of Jews to the Nazi concentration camp in Auschwitz.

Mendoza: A news story can change the world

Every journalist has the responsibility to take a story beyond their daily beat, says Martha Mendoza, one of the team of four women who won the 2016 Pulitzer Prize for Public Service for their “Seafood from Slaves”…

Martha Mendoza

Czech television recommends Islam is a hoax

Here is the overview of the hoaxes and fake news that appeared on the internet over the past week.

Jan Masaryk comes triumphant from Berlin and Prague Photo

The film Masaryk that tells the story of Czech diplomat Jan Masaryk, rather than that of his more famous father-president, comes to Slovak cinemas after festive premiere at Berlinale film festival and after having…

Karel Roden as Jan Masaryk