- Statistical Series
- 17. March 2008
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Vol 93,
Issue 20
- ISSN: 1670-4665
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The general government financial balance was positive by 5,2% of GDP in 2007 or 10.8% of its total revenue. In 2006, the surplus was 6.3% of GDP and in 2005 4.9%. This good result is mostly due to high surpluses in central government finances in 2005, 2006 and 2007, which amounted to 4.4%, 5.3% and 4.2% of GDP, respectively. But the local government finances have also turned to better terms in these three years and showed a postive financial balance of 0.3% of GDP in 2006 and 0.5% of GDP in 2007.