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General government deficit shrinks

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(Photo: Pixabay)

By: P.T., STA

Slovenia’s consolidated general government deficit, including those of the state budget, the health and pension funds and local government budgets, amounted to EUR 2.92 billion or 5.8% of GDP last year, 1.8 percentage points less than a year before, according to the Finance Ministry.

The decline was due to the growth in revenue outpacing the rise in expenditure; revenue rose to EUR 21.4 billion, up 15.4% from 2020 and up 11.2% from 2019, and expenditure was up 10.1% from 2020 and up 28.1% from 2019 to EUR 24.3 billion.

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