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General government deficit shrinks

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.

By: P.T., STA

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