Slovakia budget points to euro entry hopes

Slovakia is hoping to adopt the euro in January 2009, according to an article by EU Observer on a new draft budget.

The draft budget for 2005-2007, which was presented by Slovak Finance Minister Ivan Miklos, cuts the public finance deficit to 3.8 percent of gross domestic product (GDP), the article said.

Radio Slovakia reported that the government is attempting to push through a special regime within the EU under which the cost of pension reform could be excluded from the state budget deficit.

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