Budget Deficit Improved By EUR 800 Million Y-on-Y

According to the latest figures released today by the Ministry of Finance, the budget deficit in Slovakia has shrank by an impressive 28% year-on-year.

photo (c) The Daily

Although the deficit increased from the EUR 1.675 billion seen in July to over EUR 2 billion in August, overall the deficit has improved greatly over the past year as it stood at over EUR 2.8 billion in August 2010.

Budget receipts came to EUR 7.343 billion by August, an improvement of around 8.5%, while expenditures dropped 2.4% over last year to reach EUR 9.365 billion in August.

In terms of the 2011 plan, the budget has reached 55.8% of the revenues projection and 55.2% of expenditures.

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