Weekly Review of Slovene Economy form 24 to 29 November

Ljubljana, 30 November - The Slovene government passed in November a memorandum on conditions required to finance non-financial organizations in the public sector. The memorandum was presented this week. The government approved the memorandum on public sector borrowings in the period 1997 to 2001 and set quotas within which the public sector can borrow funds. The memorandum was adopted in order to avoid an increase in borrowings in the public sector; borrowings were expected to rise from 9.5 percent of GDP in 1996 to 16.4 percent of GDP in 2000. The memorandum is based on decisions taken after having discussed a strategy of foreign debt management.

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