TITLE

Good Progress On Consolidation

PUB. DATE
May 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p9
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports on the economic performance of Slovakia for fiscal 2004. In early March 2005, the finance ministry of the European Union revealed that Slovakia would not be required to include in its 2004 budget calculations the cost of a SKK25 billion payment to the CSOB bank of the Czech Republic. The payments would have threatened to increase the full-year budget shortfall by 1.8 percent of the country's gross domestic product. The positive result was due to lower-than-planned government expenses. As of May 2005, the Slovak government is leaving the target for the 2005 public finance gap at 3.8 percent of the gross domestic product.
ACCESSION #
16695832

 

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