Deficit is to reach 2.29 percent of GDP

THE PUBLIC finance deficit is projected to reach 2.29 percent of GDP next year, instead of the initially predicted figure of 1.98 percent of GDP, according to amending proposals to the state budget draft for 2015 as okayed by parliament’s finance and budget committee on November 24, the TASR newswire reported.

THE PUBLIC finance deficit is projected to reach 2.29 percent of GDP next year, instead of the initially predicted figure of 1.98 percent of GDP, according to amending proposals to the state budget draft for 2015 as okayed by parliament’s finance and budget committee on November 24, the TASR newswire reported.

“If all the amending proposals are indeed approved by the chamber, the deficit will increase, said Finance Minister Peter Kažimír, as quoted by TASR. “We’ve also agreed to earmark a reserve of 0.2 percent of GDP to cover risks in macroeconomic developments, because we’re sensing these in developments in economies that are our key partners in the eurozone and the European Union, as well as in the continued geopolitical conflict to the east of our borders.”

Parliament is to discuss the budget draft in the next few days. The amending proposals concern the introduction of a tax-deductible item on healthcare levies, a salary rise for public sector employees and teachers and a rise in expenditures.

The proposals envisage an increase in cash expenditures of €300 million, with the levy reform accounting for €165 million of the total. Close to €100 million is represented by a reserve towards the outcomes of collective bargaining, which includes an expected rise of 5 percent in the salaries of education sector employees.

Slovakia is also set to discuss the draft with European Commission representatives in the weeks ahead.

Source: TASR

Compiled by Roman Cuprik from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia still dealing with the loss of its talent

Economy minister promises extensive support for hydrogen technologies in Slovakia. Far-right supporters protested in front of PM’s house during the weekend.

The far-right ĽSNS organised a protest in front of PM Igor Matovič's house in Trnava.

Hospital manners expose the toxicity of Kollár

Unjustified privileges overshadow some good news of the coalition's work. Halloween testing will not be repeated during advent time.

PM Igor Matovič (l) and Speaker of Parliament Boris Kollár

Sulík’s party benefits from the dispute with PM Matovič

The Hlas party of former PM Pellegrini is rising, too.

Economy Minister Richard Sulík (l) was charged by PM Igor Matovič (r) to purchase millions of antigen tests.

Anyone can publish a book. Authors often avoid publishers

Self-publishing is setting a new trend.

Nikoleta Kováčová has published two cookbooks without the aid of a publishing house.