Budget deficit reached €1.6 billion in May, one quarter lower year-on-year

The state budget at the end of May recorded a deficit of €1.6 billion, which was €558 million or 25.8 percent lower than the deficit posted at the same time last year, the Finance Ministry announced on Monday, June 3.

The state budget at the end of May recorded a deficit of €1.6 billion, which was €558 million or 25.8 percent lower than the deficit posted at the same time last year, the Finance Ministry announced on Monday, June 3.

State expenditures were €719 million or 11.1 percent lower year-on-year, and incomes shrank by €161 million or 3.7 percent. Tax collection improved by 3.3 percent, however, which equates to €109 million, the TASR newswire quoted the ministry. In the case of income taxes, the year-on-year increase reached €73 million, with personal income tax going up €32 million, corporate tax up €29.5 million, and income taxes collected via deductions up €10 million.

"Conversely, a negative development was seen in the case of excise taxes - [down] €23.8 million, and emission quotas tax - [down] €9.7 million," stated the ministry. Financial means flowing into Slovakia from EU Funds in May saw a year-on-year drop of €254.5 million or 35.8 percent. Incomes on dividends were down by €31 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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Deputy parliamentary speaker sent selfies to Alena Zs.

Yet another influential Smer politician, Martin Glváč, faces accusations of talking to Kočner's collaborator.

Igor Matovič of OĽaNO holds a picture of Martin Glváč (Smer).

Coalition demands the right of reply for politicians

Politicians ponder new provisions for the Press Code, Speaker of Parliament Danko wants to defend himself against op-eds too.

The ruling coalition (L-R: SNS-Andrej Danko, Smer-Robert Fico. Most-Híd-Béla Bugár).

UPDATED: More critical voices speak out against Danko’s doctoral dissertation

Three more academic institutions and the Slovak Academy of Sciences have supported the universities in their criticism of the paper and the actions of the current education minister.

Andrej Danko