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Slovenia’s Jan-Oct budget surplus falls

Slovenia’s Jan-Oct budget surplus falls Source: Slovenian government

LJUBLJANA (Slovenia), December 9 (SeeNews) – Slovenia's budget was in surplus of 289.7 million euro ($320.3 million) for the period January-October 2019, compared to a surplus of 749 million euro in the like period last year, the finance ministry said.

Budget revenues totalled 8.31 billion euro in the first 10 months of 2019, up 1% year-on-year, the finance ministry said in a statement last week.

Expenditures rose by an annual 7.2% to 8.02 billion euro in the review period.

Tax revenue totalled 7.14 billion euro, up 5.2%, as personal income tax revenue increased by 1.7% to around 1 billion euro, whereas VAT revenue rose by 3.8% to about 3.2 billion euro.

Slovenia swung to a budget surplus of 536.9 million euro last year, from a deficit of 326.2 million euro in 2017.

($ = 0.90378 euro)