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Slovenia Fails to Cut Deficit in 2006

Ljubljana, 7 February - Slovenia failed to curb the general government deficit in 2006 despite favourable economic trends. The government did cut spending, but this was not enough to reduce the deficit, which was up 0.2 percentage points year-on-year to 1.6% of GDP, the Institute for Macroeconomic Analysis and Development (IMAD) has found.

Ljubljana, IMAD
The IMAD has found that Slovenia failed to curb the general government deficit in 2006 despite favourable economic trends.
Pictured: Bostjan Vasle, the head of IMAD's macroeconomic analysis department.
Photo: Stanko Gruden/STA

Ljubljana, IMAD
The IMAD has found that Slovenia failed to curb the general government deficit in 2006 despite favourable economic trends.
Pictured: Bostjan Vasle, the head of IMAD's macroeconomic analysis department.
Photo: Stanko Gruden/STA

Ljubljana, IMAD
The IMAD has found that Slovenia failed to curb the general government deficit in 2006 despite favourable economic trends.
Pictured: IMAD director Janez Sustersic (left) and Bostjan Vasle.
Photo: Stanko Gruden/STA

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© STA, 2007