Government budget balance

Slovenia’s general government deficit in the third quarter of the year shrank to €60 million or 0.4% of GDP, the lowest since the start of the Covid pandemic in the first quarter of 2020.

The Treasury and Finance Ministry's cash balance posted a deficit of 79.3 billion Turkish Liras in September after producing a surplus of 28.6 billion liras in the previous month.

Cash revenues amounted to 217 billion liras last month, while expenditures stood at 296 billion liras.

"The motives for the no-confidence vote are unclear", Deputy Prime Minister and Finance Minister Asen Vassilev said today in parliament.

Ljubljana – Slovenia’s consolidated general government deficit, including those of the state budget, the health and pension funds and local government budgets, amounted to EUR 2.92 billion or 5.8% of GDP last year, roughly 1.8 percentage points less than a year before, according to the Finance Ministry. The decline in deficit was due to the growth in revenue outpacing the rise in expenditure.

The draft budget amendment weakens the budgetary consolidation as it was announced for 2021, the Fiscal Council said on Thursday night, in a release.

Prime Minister Florin Citu said on Thursday that the first task he set for the new Minister of Finance, Dan Vilceanu, is keeping the government deficit below 7.16% until the end of the year, adding that he will not accept tax increases during his tenure. "I've completed the handover of the ministerial portfolio after 45 days of being the interim finance minister.

The Recommendation on the Excessive Deficit Procedure in the case of Romania was adopted on Friday at the Meeting of the Economic and Financial Affairs Council (ECOFIN), in Luxembourg, and our country's commitment is to return to a budget deficit up to 3% of GDP by 2024, according to a press release from the Ministry of Finance.

The European Council on Friday adopted a recommendation under the excessive deficit procedure for Romania that Romania should put an end to the excessive deficit situation by 2024 at the latest. "The Council found that an extension to the current deadline for Romania to correct its public deficit would be important in order not to compromise the economic recovery after the COVID-19 pandemic.

The Turkish central government registered a budget deficit of 7.5 billion Turkish liras (some $880 million) in January-May, the Treasury and Finance Ministry announced on June 15. 

The figure improved from a deficit of 90 billion Turkish liras (some $10.5 billion) in the same period last year.

The consolidated general budget deficit has gone up to 1.81% of the Gross Domestic Product (GDP), after four months in this year, with a significant growth from the first three months, when the budgetary execution ended with a deficit of 1.28% of the GDP.