Slovak FinMin sees 2010 fiscal gap at 7.8 pct/GDP

BRATISLAVA, Sept 2 | Thu Sep 2, 2010 1:52am EDT

BRATISLAVA, Sept 2 (Reuters) - Slovakia's overall fiscal deficit is expected to rise to 7.8 percent of gross domestic product his year, up from the original ceiling of 5.5 percent, a finance ministry paper showed on Thursday.

The euro zone's poorest nation should emerge from the crisis as one of the European Union's fastest growing economies this year, but that will be based mainly on exports and output of foreign-owned producers who bring in little budget revenue.

The centre-right cabinet of Prime Minister Iveta Radicova, which replaced a leftist government of Robert Fico in July, pledged to cut the fiscal gap to below the EU's official limit of 3 percent of GDP by end-2013.

(Reporting by Martin Santa; Editing by Tomasz Janowski)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.