Spectator on facebook

Spectator on facebook

State budget deficit up to €2.743 billion in November

The state budget deficit grew to €2.743 billion in November from October's €2.466 billion, the Finance Ministry announced on Monday, December 3.

The state budget deficit grew to €2.743 billion in November from October's €2.466 billion, the Finance Ministry announced on Monday, December 3.

In November 2011, the state budget was €2.665 billion in the red. The deficit planned for the whole of 2012 reaches €3.675 billion, meaning that the current figure represents 74.6 percent of the planned sum. State incomes reached €10.418 billion at the end of November, which represents a year-on-year increase of 1.7 percent and 76.5 percent of the whole-year plan of €13.625 billion. Meanwhile, state expenditures stood at €13.161 billion at the end of November, going up by 2 percent year-on-year and representing 76.1 percent of the total sum planned for the year of €17.3 billion.

Austerity measures at individual ministries and in budget chapters have reduced ordinary state expenditures by €576.7 million during the 11 months when compared to the plan for the given period, the ministry states in its comments. Tax incomes fell by €34.9 million, while incomes from the EU budget were down by €22.2 million and other incomes dropped by €103.6 million. "The biggest year-on-year drop was seen in VAT earnings, almost €247 million," states the ministry as quoted by the TASR newswire. Part of the shortfall has been made up by a year-on-year increase in incomes from dividends worth €340 million," reads the commentary. The state expenditures increased by €238.6 million year-on-year. Financial means dedicated to the co-financing of joint programmes of Slovakia and the EU saw a drop of €50 million, while payments into the EU budget increased by €44.7 million.

(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

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo