Ljubljana - The government was discussing the national budgets for 2023 and 2024 on Tuesday after its macroeconomic forecaster revised the country's growth outlook last week. It said the documents will be finalised in the coming days.

"The new budget guidelines are a consequence of the new economic reality on global markets and the inclusion of projects by the previous governments ... that did not have budget earmarks," the Government Communications Office said after the session.

It said the budgets would prioritise "health, green policies and economic development" and would be finalised in the coming days.

The budgeting is based on projections by the Institute of Macroeconomic Analysis and Development (IMAD), which recently upgraded its forecast for this year to 5% but halved it to 1.4% for 2023.

In 2024, the economy is forecast to grow at 2.6% if there are no shocks in the international environment and if prices stabilise.

The government has until 1 October to send to parliament changes to the national budget for 2023, which was passed last November, and a draft budget for 2024.

The 2023 budget was based on IMAD's forecast of 4.7% for 2022 and 3.3% for 2023, with revenue set at EUR 11.84 billion and spending at EUR 13.36 billion.