State expenses grow faster than revenues

SLOVAKIA’s state budget deficit after the first seven months of this year reached €2.153 billion. It swelled by 32.4 percent in yearly terms and rose by over €180 million just in July alone.

SLOVAKIA’s state budget deficit after the first seven months of this year reached €2.153 billion. It swelled by 32.4 percent in yearly terms and rose by over €180 million just in July alone.

Revenues of the state budget increased by the end of July by 3 percent to €6.356 billion, while expenses grew 9.1 percent to €8.509 billion. Revenues for the whole year are expected to reach €14.108 billion, while expenses should total €17.392 billion, according to the SITA newswire.

Tax revenues have grown by 2.1 percent to €5,162 billion since the beginning of the year, while VAT collection has especially improved, as well as income from dividends. The only negative development was in resources stemming from EU funds, which decreased from €337.4 million to €330.2 million in a year-on-year comparison.

“Lower transfers were the result of temporary suspension of payments within some operational programs,” said the Finance Ministry, as quoted by SITA. “The European Commission might decide on unblocking interim payments in the fall.”

Compiled by Spectator staff 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

Owls indicate spring is coming

Male owls lured by bird calls fly in to take a look at the intruder.

Long-eared owl

Five facts you need to know about road closures in Bratislava

Closures of frequently used roads will complicate traffic in the Slovak capital.

Traffic in Bratislava will get complicated as of February 15.

Constitutional Court forced to follow plan B

The court now has only four active judges and has published new work schedule.

Constitutional Court in Košice

Blog: Regional development as the key to unlock regional potential

A practical overview of the variety of measures, schemes and instruments supporting regional development and the recent changes to the legislative framework.