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Slovenia's H1 general govt budget swings to surplus

Author Maja Garaca
Slovenia's H1 general govt budget swings to surplus Source: Slovenian government

LJUBLJANA (Slovenia), September 28 (SeeNews) - Slovenia's general government budget swung to surplus of 218 million euro equivalent to 1.0% of GDP in the first half of 2018, from a deficit of 37 million euro or 0.2% of GDP in the same period of last year, the statistical office said on Friday.

In the second quarter of 2018, the general government budget was in surplus for the fifth straight quarter; this time the surplus amounted to 151 million euro equivalent to 1.3% of GDP, the statistical office said in a statement.

The second-quarter surplus was the highest since the first quarter of 1999. 

In the second quarter, Slovenia's budget revenue rose by 6.2% on the year to 5.0 billion euro, while expenditure added 4.5% to 4.9 billion euro.

On a quarterly comparison basis, revenue increased by 8.7%, while expenditures expanded by 7.0%.

Consolidated general government gross debt decreased compared to the first quarter of 2018 by 688 million euro and at the end of the second quarter amounted to 32.31 billion euro or 72.8% of GDP. Debt in long term securities decreased the most.

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