Slovenia’s parliament endorses two-year budget with opposition support

By bne IntelliNews November 24, 2019

Slovenia’s parliament endorsed the draft state budget for 2020-2021 early on November 22 as PM Marjan Sarec managed to gain critical support from opposition parties after the Left party (Levica) withdrew its support for the government.

The minority government led by Sarec was on the brink of collapse since the leftist party decided to withdraw its support earlier this month due to disagreements over supplemental health insurance, which Levica wanted to be abolished.

The budgets were passed in a 49-41 vote with the support of the opposition National Party (SNS) and several other minority MPs.

The withdrawal of the Left party, left the majority short of three MPs in the 100-seat parliament which will make harder for Sarec to complete his four-year mandate.

"The first test was passed, but the troubles do not end," Sarec wrote on Twitter. He expects that the Democratic Party (DS) party to veto the budget implementation in the upper house of the parliament, but hopes that a solution will be found.

The Slovenian government plans surpluses for both years, 2020 and 2021. For 2019, the Slovenian budget surplus is projected to reach €194mn, or 0.4% of GDP. 

According to Finance Minister Andrej Bartoncelj, the budgets maintain a high level of social security, and also have a development component.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan’s key rate held at 14% as central bank points to fears over reacceleration of inflation

Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more

Ukraine's DTEK seeks $350mn to restore energy capacity after Russian attacks

Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more

Kazakhstan can expect GDP growth of 3.1% this year and 5.6% next, says IMF

The International Monetary Fund (IMF) projects real GDP growth of 3.1% this year and 5.6% in 2025 for Kazakhstan in its newly released ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss