Slovenia applies for SURE support for EUR 1.1bn in stimulus measures
Slovenia has listed measures providing support to furloughed workers, enabling short-time work, basic income, state-covered social contributions for the self-employed and other groups worth a total of EUR 1.1 billion.
SURE will provide financial support in the form of low-interest loans to EU member states worth a total of EUR 100 billion.
The Finance Ministry wrote on Tuesday that the European Commission can take out loans at favourable terms, even if the gap to Slovenia's interest rates has "decreased substantially, as investors perceive Slovenia as part of a group of stable and trust-worthy eurozone countries".
What is more, SURE reduces the need to take out new debt for the financing of the state budget with other financing instruments, the ministry added.
The support scheme will start operating once all EU members secure the requisite guarantees. Slovenia has been among the first to adopt the legislation needed to approve state guarantees as part of the scheme. The National Assembly passed the act at the end of May and the signing of a guarantee contract with the Commission is to follow.