Slovakia Is on Track to Meet Its 2011 Budget Target, Miklos Says
This article is for subscribers only.
Slovakia is on track to meet its budget-deficit target this year with expenditure overruns being offset by savings in other areas, Finance Minister Ivan Miklos said.
Unplanned expenditures such as the costs of a state-railways overhaul and expected uncollected revenue may amount to 460 million euros ($647 million), according to a Finance Ministry document discussed by the Cabinet today. The shortfall should be offset by savings in other spending areas, Miklos said at a press conference in Slovak capital, Bratislava.