Slovenia’s consolidated budget was in deficit of 225 million euro ($241 million) in the first five months of 2023, the finance ministry said on Monday.
Budget revenues in January-May fell 2% on the year to 5.2 billion euro, while expenditure grew 2% to 5.4 billion euro, the finance ministry said in a statement.
Tax revenue in the first four months totalled 4.4 billion euro, 0.4% more than in the same period last year, with value-added tax (VAT) inflow going up 4.7% to 2 billion euro and income tax inflows decreasing by 2.2% to 728 million euro, the finance ministry noted.
Slovenia allocated 390 million euro for investments, 16.7% more than in the same period last year, as well as 810 million euro for transfers to individuals and households, up 1.0% year-on-year.
The country closed 2022 with a consolidated budget deficit of 1.4 billion euro, down from a 3.1 billion euro deficit in the previous year.
($ = 0.93548 euro)