Slovakia's state finances performed better than projected last year, with the state budget deficit standing at €1.22 billion in late December 2017, meaning an improvement of €733 million compared to the budget approved for the same year, the Finance Ministry announced to TASR on Tuesday. According to the ministry, this is the second lowest budget deficit to be reported in the past nine years. Meanwhile, budget expenditures were lower than budgeted in all categories. "The savings concerned, for example, a transfer to social insurance company Sociálna poisťovňa, a payment to the EU budget, debt management and other categories," specified the ministry.
Gavin Shoebridge, Photo: SITA
