General Govt Deficit to Reach 4.2% of GDP in 2012

Ljubljana, 28 September - The Finance Ministry has upgraded its general government deficit forecast for 2012 to EUR 1.498bn or 4.2% of GDP, from the initial forecast of 3.5% of GDP. The deficit in the second quarter of the year was EUR 430m or 4.7% of GDP, down from EUR 725m or 7.7% in the second quarter of 2011, the Statistics Office said on Friday.