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Slovenia to Raise VAT and Sell 15 State Enterpises

Published: May 10, 2013; 10:05 · (Vindobona)

Slovenia has announced to put 15 state companies up for sale and raise VAT in order to acquire revenues and avoid international bailout.

Slovenia to Raise VAT and Sell 15 State Enterpises / Picture: © Wikipedia / Jonas Steinhöfl

Slovenia will put 15 state-owned companies up for sale and raise VAT. The measures seem as a desperate attempt to gain revenues and avoid bailout by international creditors. However, experts fear that relying on income instead of cutting spendings in the public sector is more riskful since it means increased pressure from the financial market.

The stability package to balance the…

This article includes a total of 424 words.

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