IMF expects Slovenia to have general government surplus at 0.2%

The IMF expects Slovenia to register a general government surplus at 0.2% of GDP this year, according to the latest Fiscal Monitor report, published on Wednesday, October 10. The budget balance will then swing to a deficit in 2019 and gradually widen to 0.5% of GDP in 2023, likely underpinned by plans of the new government of PM Sarec to abolish austerity measures regarding public sector pay and social welfare. To note, the government has not presented official information regarding the draft budget for 2019-2020 and has decided to postpone the adoption of 2019 supplementary budget until next year. Meanwhile, Slovenia’s gross debt-to-GDP ratio should remain on a downward path and continue to gradually decline from 69.7% of GDP this year to 61.4% of GDP in 2023.

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