Off the wire
• Egypt, Spain sign MoU on military cooperation  • Portugal's economic growth forecast revised up  • Interview: Italian official eyes fostering food exports to China  • 1st LD Writethru: U.S. dollar falls on mixed data  • Urgent: U.S. dollar falls on mixed data  • S. Africa envisages border management agency to curb illegal immigration  • S. African tourism set for slump due to xenophobic violence  • Austria marks 70th anniversary of liberation of Mauthausen concentration camp  • China-based striker Tardelli gets Brazil Copa America call  • 1st LD Writethru: Gold up on weak U.S. dollar  
You are here: 　 Home

Slovak economy in best shape since financial crisis: FinMin

Xinhua, May 6, 2015 Adjust font size:

Slovak economy this spring is probably at its best in terms of employment, economic growth and domestic demand since the crisis in 2009, announced Slovak Finance Minister Peter Kazimir at a press conference on Tuesday.

He was speaking after the European Commission released its spring forecast earlier in the day, in which it envisaged Slovakia's economic growth to pick up to 3.0 percent this year, and to 3.4 percent next year.

Kazimir added that this attested to the character of growth in the Slovak economy, as it has been propelled primarily by domestic consumption for a few months now.

"That is essentially a safer driving force than foreign demand," stated the minister.

According to Kazimir, the European Commission took a positive stance on the government's plan to make health care levies deductible for low-income people.

He added that the cabinet was planning to adopt a budget envisaging a deficit of 1.93 percent of GDP next year.

"We'd like to adopt a budget with a deficit below 2 percent of GDP for the first time ever," Kazimir said, adding that this was proof that Slovakia would continue to tread the path towards a balanced budget in 2017. Endit