Slovenia will have to wait until November to find out whether its 2014 budget, adopted on September 30, complies with European Commission rules.
Lublijana pledged to keep the country’s deficit at 2.5 per cent of GDP in 2015, but this depends on many unknown factors, the biggest being the costs of overhauling the banking system.
But even if Slovenia meets Brussel’s expectations, it will probably fail to meet those of the people, with economic growth expected to decrease more rapidly in the forthcoming year, the number of unemployed people unlikely to fall in next two years and real wage growth set to remain negative until 2015, writes Dnevnik.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!