Slovakia: lower deficits induced lower VAT

The Slovak government deficit was favorable to last year, which may be a consequence of the VAT cut.

Slovakia's general government deficit in 2013, fell to 2.77 percent of the GDP – the Hospodárske Noviny economic daily wrote on the basis of sources that are close to the Ministry of Finance in Bratislava.

The EU's statistical office, the Eurostat publishes its report in connection with this, this week. The Slovak Ministry of Finance refused the declaration, but affirmed, however, they certainly managed to keep the deficit below 3 percent. (Világgazdaság Online)