Budget expenditure for January up 9% over 2010
This does not fare as good as January 2010, when the budget posted a surplus of almost EUR 23 million. Although in January 2011 budget receipts were up 3.75% over January 201o, on the expenditure side the growth was over 9%, hence the worse figures. Some have criticised finance minister Ivan Miklos for the higher expenditures.
If everything goes to plan, the ministry projects the deficit for the whole of 2011 to be in the range of EUR 3.8 billion.