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Slovakia Fights Against Budget Deficit

Published: August 16, 2012; 18:31 · (Vindobona)

In order to comply with the EU Stability Pact, Slovakia needs to cut public expenses by € 630m.

Slovakia Fights Against Budget Deficit / Picture: © Flickr

Slovakia must sharpen its consolidation measures in the next two months. As Slovakia´s budget deficit must not exceed 3.0% of GDP, another € 630m are needed in the Finance Ministry.

On October 15, the government must present the budget to the parliament. The austerity measures should harm economic growth as minimal as possible. At the same time, the most vulnerable groups…

This article includes a total of 268 words.

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