Local government debt keeps increasing

Ljubljana – The total debt of Slovenia’s 212 municipalities and their utilities increased by a further EUR 47.5 million last year to EUR 971.2 million, or 2.1% of GDP. Average total debt per capita thus increased to EUR 473 in 2020 from EUR 449 in 2019, a report compiled by the Finance Ministry shows. Gornji Petrovci, a small municipality in the north-easternmost part of the country remains the local community with the biggest mountain of debt per capita at EUR 2,006. Due to borrowing under unfavourable terms in the past,…

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