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FinMin Submits Budget Proposal, Deficit Should Reach €3.8 billion
Thursday 30 September 2010 Zoom in | Print page
Bratislava, September 30 (TASR) - Overall revenues should reach €13.092 billion next year while expenses are estimated at €16.916 billion, representing a deficit of €3.823 billion, according to the definite state budget proposal for 2011 presented by the Finance Ministry on Thursday.
The Government is expected to deal with the proposal at its upcoming session on Wednesday (October 6). Before that, the draft should be discussed by the Tripartite (Government, trade unions and employers) during talks scheduled for Monday (October 4).
"The task to submit the budget proposal by September 30 was met this way ... the Government should discuss it and submit it to Parliament by October 15," Finance Ministry spokesman Martin Jaros told TASR, adding that the October 15 deadline is legally binding.
According to the proposal, subsidies worth €1.045 billion in total should be provided for the municipal and Higher Territorial Units' (VUC) budgets. A reserve fund of €24 million has been created.
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