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Tvaroska: Public Finance Deficit Will Be Kept at 4.9% Next Year
Thursday 18 November 2010 Zoom in | Print page
Bratislava, November 18 (TASR) - The parliamentary committee for finance on Thursday recommended that the House should pass the State Budget Act for 2011.
In line with general expectations, coalition MPs (enjoying a majority) voted in favour, while opposition lawmakers were against.
Parliament is set to vote on next year's state budget at its December session, which begins on November 30.
Despite the fact that the Government's austerity measures - which are due to be introduced as of January and have been factored into the budget - are still to undergo certain changes, the planned deficit will be kept at 4.9 percent of GDP, according to Finance Ministry State Secretary Vladimir Tvaroska (SDKU-DS).
However, opposition Smer-SD MP Peter Kazimir claimed that there is a "significant degree of uncertainty" concerning the revenue side of the budget. "It's very difficult to predict revenues at a time when the economy is shaky. Now you're getting down to further legislative changes that will move revenues. It's one big variable," said Kazimir.
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