Slovenia:corrective budget,likely to break deficit threshold

08 October, 14:05

    (ANSAmed) - LJUBLJANA, OCTOBER 8 - Slovenian Economy Minister Dusan Mramor has announced a new corrective budget this year.

    Public deficit will increase by 200 million euros, from 1 billion to 1.2 billion euros, while the deficit will break the 3%-deficit-to-GDP ratio originally forecast at 3.2%. The deficit is expected to further increase to 3.4% in 2015.

    The measure reportedly became necessary due to a drastic fall in revenues, leading Slovenia to exceed once more the 3% deficit threshold set by Maastricht. The deficit set for 2015 is 2.5% of GDP. (ANSAmed)
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