Slovak finance ministry proposes spending cap to meet deficit goals
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BRATISLAVA (Reuters) - Slovakia's finance ministry proposed on Thursday to cap public spending next year at 39.3 billion euros (£33.76 billion) to meet a structural deficit target of 0.5% of GDP after scrapping plans to balance public finances.Slovakia in October dropped plans for balanced budgets this year and next year due to weakening growth and to avoid spending cuts before a February 2020 general election. The government aims to narrow the deficit to 0.49% of gross domestic product (GDP)..