By: Vida Kocjan
The proposed budgets for Slovenia for 2027 and 2028 are built on stability, security, and predictability. A significant share of the funding is earmarked for investments as well as support for the economy. No new taxes are planned. The budget proposals point to a direction that is also a commitment of the coalition agreement: that the new coalition will prioritise and promote development.
On 4 October 2026, the government approved the proposed budgets for 2027 and 2028, and on 6 October Finance Minister Andrej Šircelj presented them to the National Assembly. The package consists of amendments to the already adopted 2027 budget and a new budget proposal for 2028.
Planned revenue for 2027 amounts to €17 billion, which is 6.7% higher than in the budget previously adopted for that year. Planned expenditure totals €19.4 billion, representing an increase of 6.9% compared to the previously planned amount. The projected budget deficit is €2.3 billion, equivalent to 2.9% of GDP.
According to current plans, the deficit would decline by approximately €600 million in 2028, falling to €1.7 billion, or 2% of GDP. Finance Minister Andrej Šircelj stated that, in 2028, the gap between revenue and expenditure is expected to begin narrowing. The government highlights several key features of the new budget proposals.
No new taxes
Tax revenues are expected to increase by 5% in 2027, reaching €14.2 billion, primarily as a result of higher employment, consumption, and business activity rather than new taxes or levies. The personal income tax scale and tax allowances will be adjusted in line with inflation. A reduction in the tax burden on labour has been announced, although it is not yet incorporated as a specific item in these budgets. It is already known, however, that the government does not intend to finance these measures through new taxes or through a property tax. A €3,000 tax allowance for young people has also been announced.