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Deficit must not exceed 3 pct of GDP in 2009 -- Slovak PM.
(From Czech News Agency)
Brussels, March 1 (CTK) - Slovak Prime Minister Robert Fico said in Brussels today his country sought not to further worsen the public finance deficit and not to exceed the ceiling set at 3 percent of GDP in fighting the impacts of the financial and economic crisis. He said he was in favour of cuts in spending. "If necessary, further cuts will be made. It will be painful for the ministries but the (possible) cuts will not be made at the expense of social programmes and people," Fico told journalists. "Excessive deficit will have to ...
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