Kažimír: State budget deficit reached €3.106 billion in 2012

The state budget deficit ended up being 4.35 percent of GDP in 2012, with overall debt reaching 52.1 percent, Finance Minister Peter Kažimír said as he announced the state's final accounts proposal for 2012, which was presented to the parliamentary finance and budget committee on June 13. The committee approved the proposal.

The state budget deficit ended up being 4.35 percent of GDP in 2012, with overall debt reaching 52.1 percent, Finance Minister Peter Kažimír said as he announced the state's final accounts proposal for 2012, which was presented to the parliamentary finance and budget committee on June 13. The committee approved the proposal.

State budget revenues stood at €11.8 billion, with expenditures at €15.6 billion. "In absolute figures, the public finances ended up with a deficit of €3.106 billion, which was €216.8 million less than estimated," Kažimír said, as quoted by the TASR newswire. Eight EU-member states recorded higher public finance deficits than Slovakia, with a total of 17 countries also registering a higher overall debt. Within the eurozone, six countries had higher deficits than Slovakia in 2012, while the overall debts of 14 states were higher than that of Slovakia.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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