In line with a deadline set by the European Commission, the Slovenian government is expected to present a package of reforms for the country’s economy and banking system before the end of this week.

The different parties in the ruling centre-left coalition led by Alenka Bratušek met on May 6 to discuss details of the initiative.

According to Večer, the main measure will be an emergency tax on private incomes of more than €600 to be introduced in July, which is expected to net the government €300m per annum.

A second plan to cut public spending is expected before 2014. Slovenia’s difficult financial situation has notably resulted from a crisis in the country’s banking sector.