Slovak PM says social benefits can't be sacrificed

Slovak PM says social benefits can't be sacrificed

Published at: 2019-10-15 11:24 | Author: CIJEurope.com
The chairman of Slovakia's budgetary council Ivan Šramko says that tax revenues are likely to fall next year while certain expenses will increase. He was speaking about the thinking that went into the government's budget for the public sphere for the next three years. A budget deficit of 0.68 percent of GDP is predicted for 2019, but the government is targeting a figure of 0.49 percent for 2020. The budget council disagrees with Slovakia's finance ministry, in part because of differing expectations on the level of dividends the state is likely to earn from companies it owns. Slovakia's prime minister Peter Pellegrini called the budget proposal a compromise between current economic conditions and the need to maintain the health of public finances. He said the state shouldn't cut its social benefits but instead takes measures to make the running of the public sector more efficient. "Slovakia has to be a social state where there's the security that if a person finds himself in a critical situation, the state will provide assistance."

Similar Stories:

Czech construction output dips in October
The Czech Statistics Office (CSU) produced worrying numbers for the construction industry.  »
Bucharest City Hall to develop social housing
Bucharest City Hall is planning to develop 150 apartments in the capital’s Panduri area.  »
Hochtief chosen to renovate lower half of Wenceslas Square
Work on the renovation of the lower portion of Wenceslas square is about to get underway,  »
Prague approves tunnels for inner loop road's completion
Prague's city council approved plans for the completion of the city's inner expr  »
There’s a joke currently doing the rounds in Romania which rather sums up public attitud   »
The Polish real estate investment sector got a Christmas present from the Ministry of Fina   »
It was quite clear to Ben and me when we were talking about Savills about what we wanted t   »
As recently as 8 years after the beginning of the financial crisis, the only local investo   »