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Slovenia budget records deficit in Q1

Debt

Photo by esfera / Shutterstock.com

Slovenia's budget revenue in the first three months of the year amounted to EUR 2.4 billion, up 1% year-on-year, while expenditure was up by 37% to almost EUR 3.68 billion for a deficit of nearly EUR 1.27 billion, according to a report by The Slovenia Times.

This compares to a EUR 304.9 million deficit in the same period last year, announced the Finance Ministry.

The ministry noted that the increased expenditure in the Q1 was related mostly to the COVID-19 epidemic and mitigation of its consequences on companies and residents.

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