“Slovenia’s public debt is expected to fall to 75.2 percent of GDP this year, down from 78.5 percent last year, the statistics office said on Thursday, citing financial ministry’s forecast. The debt will be higher in nominal figures as it will reach 32.2 billion euros ($38.00 billion) at the end of this year versus 31.7 billion at the end of 2016, the office said, but will fall when measured as a percentage of GDP due to economic growth seen at 4.4 percent this year. The debt has risen sharply over past years as Slovenia has managed to only narrowly avoid an international bailout for its banks in 2013. Last year debt fell for the first time in eight years. According to a draft of the government’s development strategy, debt is due to fall to 60 percent of GDP, the maximum level allowed for European Union members, by 2030. The statistic office also said the forecast for 2017 budget deficit remained unchanged at 321 million euros or 0.8 percent of GDP versus a deficit of 1.9 percent in 2016.” (Reuters)
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