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Nov 23, 2017 15:45 EEST
November 23 (SeeNews) - Slovenia's draft budgetary plans (DBPs) pose a risk of non-compliance with the requirements for 2018 under the EU's Stability and Growth Pact (SGP), the European Commission has said.
Slovenia DBP might result in a significant deviation from the adjustment paths towards the respective Medium-Term Objective (MTO), the Commission said on Wednesday in its assessment of EU member states' budgetary plans for 2018.
In a separate release, published also on Wednesday, Slovenia's finance ministry confirmed that the Commission estimates that there are risks the country will significantly deviate from the rule regarding the necessary reduction of the structural deficit, while also partially deviating from the rule on expenditure growth.
"This assessment is in line with expectations, since Slovenia was similarly assessed last year", the finance ministry noted, adding that the country will keep to its planned path of gradually eliminating the structural deficit, which it believes will yield best results.
The government strictly guarantees that expenditure growth will lag behind revenue growth, the ministry added.
The Commission has, however, said that Slovenia will be subjected to an in-depth analysis of macroeconomic imbalances.
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