Slovenia increases 2022 budget spending to ease energy crisis impacts


LJUBLJANA, Sept. 28 (Xinhua) -- The Slovenian parliament on Wednesday adopted a new 2022 budget plan which increases spending to help citizens and companies deal with soaring energy costs.

The parliament supported the plan by 52 votes against 17. Budget spending will therefore be increased to 14.6 billion euros (14 billion U.S. dollars), from the 14 billion euros previously planned. Meanwhile, budget income will rise to 12.5 billion euros, about one billion euros more than expected, due to higher tax income amid strong economic recovery following the COVID-19 pandemic.

Budget deficit will amount to some 2 billion euros, which is less than the previously forecast deficit of 2.5 billion euros. However, the deficit is expected to increase to some 3 billion euros in 2023, when the government will need more funds to ease the burden on businesses and citizens of higher food and energy prices.

"This budget plan is ... a ticket which will enable us to overcome the energy crisis and the upcoming winter ... in a way that will not significantly hurt our jobs or our citizens," Prime Minister Robert Golob told the parliament at the start of the budget debate on Tuesday.

The government has in recent months reduced the prices of gasoline outside highways, capped prices of electricity and natural gas, reduced taxes on most energy sources and capped the margins for retailers of heating oil. It has also provided financial assistance with energy costs to companies, families and individuals with financial difficulties, particularly to cope with heating costs during the winter season from this October to April next year.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

Special Report-In France, minority communities decry a surge in police fines
How Reuters measured the impact of French police fines
Iran arrests 12 people linked to overseas agents - state media
Argentina's VP Cristina Kirchner faces corruption trial verdict
Blast injures six near money market in eastern Afghan city - police
Former US high school science teacher found guilty of secretly recording people in his home
EU seeks to reassure Western Balkans on accession amid fears of Russian influence
‘How about me’? Man’s question about Most Wanted list leads to his arrest in US
Myanmar families plea for help after 7 students sentenced to death
Ukraine appears to expose Russian air defence gaps with long-range strikes

Others Also Read