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

25 years on, most Czechs and Slovaks still oppose their breakup

More than two thirds of Czechs and Slovaks still believe there should have been a referendum on the division of their common state in 1992.

Vladimír Mečiar (L) and Václav Havel discuss the division of Czechoslovakia in 1992. There was no referendum to support the decision.

No new nuclear power plant planned

The state postpones the construction of a new utility in Jaslovské Bohunice, claiming there is no need for it.

Mochovce nuclear power plant

Parties only protect their market share

Rent seeking behavior and a code of loyalty are not the ways to operate a successful democratic political party.

Interior Minister Robert Kaliňák

Skyline over Jaslovské Bohunice is changing

The four cooling towers are expected to be removed until the end of 2018.

State in mid-December 2017