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Tuesday, September 27, 2022

Public deficit, debt narrow in second quarter

By: J.S., STA

Slovenia’s public finances improved significantly in the second quarter of 2021 due to faster economic growth and higher revenue.

The general government deficit narrowed to 5.8% of GDP from 8.3% in the first quarter, whereas consolidated debt was down by six percentage points to 80% of GDP, show Statistics Office data. Overall revenue growth outpaced expenditure growth on robust tax revenue, which increased by almost 20%.

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