Changes to Home Construction Saving No Longer on Agenda

BRATISLAVA, November 30, (WEBNOVINY) — The Slovak Parliament eventually decided not to debate the proposal to significantly reduce the state bonus provided on home construction saving contracts when they approved a proposal to withdraw from the agenda the proposal to debate the respective bill in expedited procedure, as well as the legislative draft itself.

The Parliamentary Constitutional and Legal Affairs Committee had informed the deputies that submission of the draft to parliament was in contradiction with the parliamentary standing order, as the required six-month period from the last vote on this change has not yet passed. Home savings bank operating in Slovakia objected to the repeated submission of the draft to parliament, too, as the six-month period from the first rejection of the bill in parliament has not yet passed. The parliament failed to override the president’s veto of the draft on October 19, because some deputies for the SaS party did not vote with the rest of the coalition partners, as they said, unintentionally. Home savings banks said they would consider taking legal action had the bill been passed at the current session.

The state bonus on home saving contracts for 2012 should represent ten percent of the annual deposit, but not more than EUR 15, according to the draft amendment on the law on home construction saving, proposed by the Finance Ministry. The ministry had estimated that proposed measures would reduce budget spending by some EUR 33 million as of 2013. Home savings banks claim that a massive anti-campaign on home construction saving has been running throughout the year, while interest in home savings contracts has steeply declined. At present, the bonus paid to home construction saving policyholders by the state represents EUR 66.39 annually.

SITA