DistantNews
Support us
Slovenia Avoids Excessive Deficit Procedure, European Commission Says
🇸🇮 Slovenia /Economy & Trade

Slovenia Avoids Excessive Deficit Procedure, European Commission Says

From Delo · () Slovenian

Translated from Slovenian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Slovenia will not face an excessive deficit procedure from the European Commission in the initial months of the new Janez Janša government.
  • The European Commission assessed that there is currently no basis to initiate such a procedure against Slovenia.
  • Factors contributing to this decision include the outgoing government's austerity forecasts, increased defense spending, and the arrival of the new government, though the fiscal situation remains uncertain and will be reassessed in the fall.

Slovenia's new government, led by Janez Janša, will not have to contend with an excessive deficit procedure initiated by the European Commission in its first months. The Commission has assessed that "at this stage, there is no basis for initiating an excessive deficit procedure against Slovenia."

Unofficial information suggests that several factors contributed to this decision. These include the austerity measures forecast by the outgoing Robert Golob government, increased defense expenditures which pushed Slovenia's deficit above the three percent of GDP threshold, and the transition to the new government.

However, the fiscal situation in Slovenia remains uncertain due to projected measures, including those from an economic intervention law. The development of the public finance situation will be re-evaluated by the European Commission in the fall.

DistantNews Editorial

Originally published by Delo in Slovenian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog