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Slovak govt okays 2020 public spending cap

January 15th, 2020

Slovak government ministers and state administration bodies will need to comply with budget spending caps this year, as the government on Wednesday passed the so-called correction mechanism draft aimed at putting public finances back on track towards a balanced budget. The correction mechanism is defined in the Public Administration Budgetary Rules Act and consists of the public expenditure cap and measures to rectify significant deviations from the plan.


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