Slovenia to Sharpen Austerity Measures

Politics ♦ Published: October 5, 2012; 19:16 ♦ (Vindobona)

The Slovenian centre-right government announces new austerity cuts. The budget deficit should be lowered to 3.0% of GDP.

Slovenia to Sharpen Austerity Measures / Picture: ©

Slovenia´s Minister of Finance Janez Sustersic announced that further taxes must be expected. The public sector will be downsized. In 2013, the Slovenian budget deficit must not exceed the 3.0% threshold.

“At the moment, the economic situation is difficult. This causes a decrease in revenues. Nevertheless, the government has to fulfill its duties and bring the budget deficit…