Income tax yields are again to provide for the dynamics of creation of source of income for the budget. Comparing last year, VAT gains are planned to be lower by 6-7 billion Sk.
Unlike last year, a growth in yields of the income side of the budget is expected to increase as much as 55 billion Sk. Growth of the GNP is expected to be 6%, inflation rate up to 6% and unemployment rate on the level of 11-12% in 1997. The deficit of the state budget should reach 36.9 billion Sk, representing 5.5% of the GNP.
The proposal was submitted to the government for discussion.
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