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| Slovakia continues consolidation of public finances |
| Bratislava, 25.04.2017 |
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| The general government deficit of Slovakia dropped below 1.7 percent last year.
Last year Slovakia reduced the general government deficit to 1.68 percent of gross domestic product (GDP). This is 0.28 percentage points less than the originally projected deficit of 1.93 percent of GDP. The government debt decreased too, down 0.6 percentage points to 51.94 percent of GDP, the Eurostat announced on April 24 in the first notification of its provision of deficit and debt data for 2016.
The Finance Ministry responded that in 2016 Slovakia consolidated its public finances faster than planned and that this happened thanks to the positive economic development, increasing effectiveness of tax collection and positive fiscal performance of self-governments.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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