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Slovak 8-Month Central-Budget Gap Widens to 2.68 Billion Euros

Slovakia’s cumulative budget deficit widened to 2.68 billion euros ($3.37 billion) as of Aug. 31 from 2.02 billion euros in the same period last year, the Finance Ministry said.

Revenue declined 3.3 percent in year to 7.1 billion euros, trailing expenditures, which rose 4.4 percent to 9.78 billion euro, the Bratislava, Slovakia-based ministry said on its web site today. The shortfall was 2.24 billion euros on July 31.

The eight-month deficit represents 73 percent of the full-year target of 3.68 billion euros. The country, which adopted the euro in 2009, aims to cut fiscal deficit to 4.6 percent of gross domestic product in 2012 from 4.8 percent of GDP in the previous year.

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