Government budget balance

General government deficit shrunk in 2021

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.

PM Citu: First task of the FinMin is keeping gov't deficit below 7.16% throughout the year

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.

Recommendation on the Excessive Deficit Procedure in case of Romania, adopted on Friday at the ECOFIN Meeting

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.

European Council recommends Romania to put end to excessive deficit by 2024

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.

Turkey's budget balance posts $880 mln deficit in January-May

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.