Supplementary Budget at Final Reading

The government-sponsored proposal reduces the budget revenue planned for the year by EUR 20m to EUR 8.6bn and increases the expenditure by EUR 177m to EUR 9.8bn. As a result, the deficit is being expanded by EUR 197m to EUR 1.2bn or 3.4% of GDP.

The government says it could complete the budget year without a supplement but that the aim is to secure transparency in the budget implementation. Being that the year is almost out, no structural measures are being proposed but merely a redistribution of expenditure and savings where possible.

The opposition was critical of the document with MP Marko Pogačnik of the Democratic Party (SDS) labelling it as a "disaster" at a session of the Finance Committee on Saturday, arguing it was "unrealistic and inadequate".

The government has also announced a supplementary budget for 2015, which it plans to unveil in January.

Source: SloveniaTimes