Prague - Slovak central bank governor Ivan Sramko said Tuesday the global financial crisis would reduce economic growth and may widen budget gaps in Slovakia, which is to become the 16th country to adopt the euro on January 1.
Speaking to reporters at a conference in Prague, Sramko said a slight increase up to 2 per cent would be permissible depending on how the funds would be used.
Slovak Prime Minister Robert Fico, who won the 2006 election on promises to expand welfare, recently said that the 2009 deficit could slightly exceed the planned 1.7 per cent owing to the global financial crisis.