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Slovakia Aims to Lower Budget Deficit Below 3.0% of GDP

Published: August 21, 2012; 16:34 · (Vindobona)

The Slovakian government presented the draft state budget for 2013. The budget deficit should not exceed 2.9% of GDP, the Finance Ministry announced.

Slovakia Aims to Lower Budget Deficit Below 3.0% of GDP / Picture: © Vindobona.org

Next year, Slovakia´s public revenues are estimated to reach 13.6bn. Public expenses should come at € 16.9bn. Thus, the planned deficit totals € 3.3bn.

The Slovakian Ministry of Finance announced that it would be the main goal to consolidate public finances and to lower the budget deficit to 2.9% next year. The Finance Ministry underlined that the obligation towards the EU…

This article includes a total of 268 words.

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