Crisis Budget Expands Fiscal Hole to 5% of GDP

Ljubljana, 17 June - The cabinet adopted the second crisis budget of the year on Wednesday in a bid to deal with a drop in tax revenues brought about by the economic slowdown. In line with the government's new national spending plan, Slovenia's budget deficit will top 5% of GDP this year.

Ljubljana
Finance Ministry State Secretary Helena Kamnar speaking to the press after a government session.
Photo: Tamino Petelinsek/STA

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Jun 17, 2009, 18:33 gj/sz/sz