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.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
24. Apr 2012 at 14:00