Thursday, September 30, 2010

Slovenian government to implement strict budgets in the next two years

The Slovenian government adopted a budget for the next two years in which they plan to freeze the salaries of the officials, the pensions and the social assistance.

The frozen charges will be reviewed in 2012 and then only if the rate of inflation is greater than 2%.
It is expected that budgets for 2011 and 2012 to reduce the projected budget deficit of 4.9% of GDP to 4.5% next year and to 3.6% in 2012.  The Slovenian Prime Minister said the country has a favourable credit rating, but must be careful about the pace of the debt growth.


news source: Mk Fondovi link: article

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