Fiscal results are better than planned

SLOVAKIA managed its fiscal affairs in 2014 better than planned when it closed the year below the plan, with a cash deposit of 0.5 percent of gross domestic product. Finance Minister Peter Kažimír ascribes this to better collection of taxes and sound growth of Slovakia’s economy. The exact deficit will not be known until in the spring. The cash deficit for 2014 was projected at €3.3 billion, while it amounted to €2.9 billion at midnight on December 31, 2014.

Friday, January 9, 2015