Brussels recommends Slovenia exit excessive deficit procedure

In country-specific recommendations issued today, the Commission issued four recommendations to Slovenia with several concrete proposals for budgetary and reform action this year and the next (Photo: European Commission)

Aside from Slovenia, the Commission on Wednesday recommended to the Council of the EU to close the excessive deficit procedure also for Cyprus and Ireland. The deficits are forecast to remain below 3% of GDP in 2016 and 2017.

In country-specific recommendations issued today, the Commission issued four recommendations to Slovenia with several concrete proposals for budgetary and reform action this year and the next.

The Commission reiterated challenges in pensions and health systems, while also calling for measures in the labour market and to improve financing conditions for businesses.

Following the correction of the excessive deficit, the Commission recommends Slovenia to achieve an annual fiscal adjustment of 0.6% of GDP towards the medium-term budgetary objective in 2016 and in 2017.

The country is also advised to set a medium-term budgetary...

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