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Crucial Days for Slovenia´s Government

Politics ♦ Published: November 13, 2013; 06:19 ♦ (Vindobona)

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Slovenia´s government has presented the 2014 budget to the Parliament. Prime Minister Alenka Bratusek has linked the approval to a vote of confidence. However, the budget approval is not the biggest risk factor for the ailing country.

Crucial Days for Slovenia´s Government / Picture: © Wikipedia

Slovenia´s fiscal situation remains more than tense. Because of the sharp recession and the bank recapitalization measures, Slovenia´s will cause a substantial increase in the public debt ratio.

This year, Slovenia´s budget shortfall will reach about 6.0% of GDP. Due to the aggressive austerity cuts and the radical privatization policy, the scheduled budget deficit is lower…