Slovenia's 2024 budget deficit lowest in 5 yrs


  • World
  • Wednesday, 08 Jan 2025

LJUBLJANA, Jan 7 (Xinhua) -- Slovenia's budget deficit fell to 1.2 percent of gross domestic product (GDP) in 2024, according to preliminary figures, and was the lowest in the past five years, the Ministry of Finance said on Tuesday.

It said in a statement that budget income reached 14.6 billion euros (15.12 billion U.S. dollars) and was above the planned income of 14 billion, mainly due to record employment, higher wages and profitability of companies.

Budget spending was below the planned 16.2 billion and reached 15.4 billion euros, mainly because of lower spending for reconstruction after the record 2023 floods.

In November 2024, the parliament passed a budget plan for 2025 according to which the budget deficit would rise to 2.6 percent of GDP due to higher spending for reconstruction after the 2023 floods. (1 euro=1.04 U.S. dollar)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump says US has approved extradition of suspect in 2008 Mumbai attacks
Exclusive-Trump’s foreign aid freeze stops anti-fentanyl work in Mexico
USAID disruptions leave oxygen tanks, TB drugs stuck in ships, warehouses
Pileup involves more than 100 cars on U.S. Oregon expressway
Elon Musk to withdraw bid for OpenAI if its board halts for-profit conversion
U.S. stocks close higher after Trump signs memo on reciprocal tariffs
Feature: California students experience Chinese holiday culture at Lantern Festival celebration
Chinese cultural event engages students in Gozo, Malta
Slovenia extends household electricity tax exemption until June
Russian Alexander Vannik back in Moscow after prisoner swap, RIA news agency says

Others Also Read