FinMin: State budget posted deficit of €2.3 billion in November

SLOVAKIA’s state budget posted a deficit of €2.3 billion as of the end of November, the Finance Ministry announced on December 1. Revenues were up by €309.7 million year-on-year, while expenditures increased by €651.7 million, the TASR newswire reported.

SLOVAKIA’s state budget posted a deficit of €2.3 billion as of the end of November, the Finance Ministry announced on December 1. Revenues were up by €309.7 million year-on-year, while expenditures increased by €651.7 million, the TASR newswire reported.

“The proportion of state budget expenditures reached only 75.4 percent [of the yearly projection], which was 8.7 percentage points lower than last year,” said the ministry, as quoted by TASR.

The ministry recorded an increase in tax revenues from most types of taxes, mainly from VAT (up by €130.2 million) and excise tax (up by €29.7 million). Revenues from dividends increased by €410.1 million on an annual basis.

Conversely, negative developments were observed when it came to income from EU funds, as this category posted an annual fall of €470.4 million. The lower figure was due to a temporary suspension of payments within some operational programmes, according to the ministry.

The remaining categories of state budget revenues rose by €278.8 million on an annual basis. This was mainly due to payments to the Regulatory Authority for Electronic Communications and Postal Services from mobile network operators for licences for the use of frequency bands (€163.9 million).

Expenditures incurred in servicing the state debt rose by €92.3 million on an annual basis.

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

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.