Slovenia: Budget Deficit to Jump to 14.7%

Politics ♦ Published: April 2, 2014; 12:37 ♦ (Vindobona)

Due to the bank bailout, Slovenia´s budget deficit is expected to reach 14.7% of GDP in 2013.

The bank bailout caused the Slovenian budget deficit to surge. / Picture: ©

In total, there will be a budget deficit in the amount of € 5.17bn, according to the Slovenian Statistics Office. The deficit includes bank recapitalization measures in the amount of € 3.6bn. Without the recapitalization measures, the budget deficit would reach 4.4% of GDP. Due to the bank bailouts, the public debt level grew to 71.7% of GDP or € 25.4bn.

This year, the…