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Cabinet Earmarks Extra Subsidy for Villages and Regions
Wednesday 20 Octtber 2010 Zoom in | Print page
Bratislava, October 20 (TASR) - The state will provide villages and Higher Territorial Units (VUCs) with an additional subsidy - €52.7 million - designed to offset losses in incomes from taxes, according to a decision made by the Government on Wednesday.
Of this sum, 39.5 million will flow to villages, with VUCs receiving the remainder.
The shortfall in income-tax revenues of towns and villages due to the global economic crisis was partly made up by a €100-million subsidy in late 2009, while another €33 million was sent out in April 2010. VUCs weren't included in either of these packages, however.
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