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Slovenia Business Week no. 36: Vizjak Promotes Slovenia at Swiss Economic Forum

Slovenia as an investment location at an economic forum in Switzerland which examined foreign investments and the international operations of companies, the Ministry of Economics said on Thursday, 01 September

According to the revised figures, the deficit was 3.8% of GDP in 2000, 3.9% in 2001, 2.7% in 2002 and 2003, and 2.1% last year.

The revision was necessary for further alignment of data with the methodology of the European System of Accounts 1995 (ESA95), the director of the Statistical office, Irena Krizman, told the press on Tuesday, 30 August.

Meanwhile, the Finance Ministry today sent the August report on the general government deficit to the European Commission. It states that the deficit would be at 1.7% of GDP this year.

According to Krizman, such the revision is perfectly normal. It was agreed with the European Commission whose representatives were in Slovenia in June and confirmed the corrections.

Whereas the deficit has been on the decrease, the general government debt has been rising steadily. It stood at 27.7% of GDP in 2000 and rose to 29.8% of GDP in 2004, according to the report sent to the European Commission on Wednesday, 31 August.

Source: Slovene Press Agency STA

Author: STA