October excessive deficit procedure report, Slovenia, 2012–2015, forecast 2016
Government deficit in 2015 at 2.7% of GDP, 0.2 p.p. lower than published in the September revision
Government deficit decreased in 2015 by 0.2 of a percentage point or EUR 87 million as a result of a revision during the standard annual Excessive Deficit Procedure for Slovenia. The main reason for this decrease is the inclusion of revised data of a significant government unit for 2014 and 2015.
According to the latest estimate, government deficit in 2015 amounted to EUR 1,031 million or 2.7% of GDP, which is EUR 87 million or 0.2 p.p. less than published at the end of September. The change in the deficit for 2014 was lower. Government deficit decreased by EUR 4 million and according to the latest estimate amounted to EUR 1,880 million or 5.0% of GDP.
The revision had a positive impact also on 2016 data. In the first quarter of 2016 government deficit decreased by EUR 33 million to EUR 318 million and in the second quarter of 2016 government surplus increased by EUR 3 million to EUR 55 million. The revision decreased government expenditure on capital transfers.
In line with the revision all relevant annual and quarterly government and non-financial accounts data were aligned.