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Business news in Slovenia

General government deficit widens to 3.6% of GDP in 2023

Ljubljana, 31 January (STA) - Slovenia's general government deficit widened to 3.6% of GDP in 2023 from 2.8% in the year before driven by higher outlays for energy subsidies and post-flood reconstruction, show preliminary figures released by the Finance Ministry.

Consolidated revenue of all four segments of the general government - national budget, local budgets, public pension insurance and public health insurance - rose by 7.4% to EUR 25 billion.

Expenditure meanwhile rose by 9.7% to EUR 27.3 billion, the Finance Ministry said on Wednesday.

Almost the entire deficit of EUR 2.3 billion is the result of the budget deficit.

Local communities posted a cumulative surplus or EUR 126 million as a result of budget transfers for post-flood reconstruction which have not been entirely spent yet.

The public pension insurer had a balanced budget as required by law, while the public health insurer posted a EUR 76 million surplus.

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