STA, 30 March 2018 - Slovenia recorded a general government surplus in 2017 for the first time since independence. Revenue exceeded expenditure by EUR 13m or 0.03% of GDP as a result of high economic growth, the Statistics Office said on Friday.
While revenue was up year-on-year by 6.5%, expenditure increased by 1.9%, Nina Stražišar of the office told the press.
"Thus Slovenia has come to the point when its revenue and expenditure are almost balanced," she said, noting that this was the first time since the country gained independence in 1991.
Slovenia has been gradually reducing its government budget deficit since 2013, when it peaked at 15% of GDP.
Meanwhile, the general government debt has been increasing. In 2017, it rose by 0.3% to EUR 31.86bn or 73.6% of GDP. Because of the GDP growth in nominal terms, the figure is 6.7% lower than in 2014.
