General government deficit shrunk in 2021

Ljubljana – Slovenia’s consolidated general government deficit, including those of the state budget, the health and pension funds and local government budgets, amounted to EUR 2.92 billion or 5.8% of GDP last year, roughly 1.8 percentage points less than a year before, according to the Finance Ministry. The decline in deficit was due to the growth in revenue outpacing the rise in expenditure. Consolidated general revenue rose to EUR 21.4 billion, an increase of 15.4% from 2020 and up 11.2% from 2019. Tax revenue rose by 9.3% since 2019. Compared…

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