Slovakia will be ready for introducing the Euro as planned in 2009

Rapid and healthy economic growth based on the successful development of the private sector means that the Slovak economy doesn't need additional impetus from public finances in the near future. On the contrary, the public finance deficit should be reduced, reads a Preliminary Report on the Public Administration Budget for 2007-09, presented by Finance Minister Ivan Miklos on Monday. The proposed public administration budget for the next two years and the expected development of the Slovak economy means that Slovakia will be able to fulfil all Maastricht criteria in 2007, and will be ready for introducing the euro as planned in 2009, the report claims.