Slovakia expects slightly smaller 2011 budget gap on lowered GDP forecast.

By bne IntelliNews December 5, 2011
Slovakias finance ministry expects to end the year with a budget gap, which is by EUR 87mn smaller than originally projected, owed to the lowered GDP growth forecast, SITA news agency reported. The latest prognosis for the 2011 GDP growth is 3%, compared to 3.3% set in the 2011 budget plan. Slovakias end-November budget shortfall reached EUR 2.67bn and the original end-2011 target is set at EUR 3.81bn, equal to 4.9% of the GDP, down from a 7.9% deficit in 2010. The cabinet has proposed a budget with a 4.6% deficit for next year, leaving its initial plan to squeeze the shortfall to 3.8% of GDP, due to the deepening debt crisis in the eurozone.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss