Ljubljana, 27 September (STA) - Slovenia's public finances improved slightly in the second quarter of the year. The deficit of the general government stood at 2.3% of GDP, down from 2.6% a year ago. General government debt was down 0.4 points to 69.6% of GDP, the latest Statistics Office figures show.
Revenue grew for the 14th consecutive quarter and amounted to EUR 7.54 billion, up 8.1% on a year ago.
It was driven by higher social security contributions, which went up by 13.7%. Tax revenue rose by 6.5%.
Expenditure grew at a slightly slower pace, at 7.1%, and amounted to EUR 7.93 billion.
Social transfers were the fastest growing category of expenditure, growing by 13.6% in a year. Gross fixed capital formation fell by 11.6%.
Gross debt amounted to EUR 45.47 billion or 69.6% of GDP. It grew significantly in nominal terms, by more than 6%, but declined as a share of GDP.
