Slovenia’s parliament endorses two-year budget with opposition support

By bne IntelliNews November 24, 2019

Slovenia’s parliament endorsed the draft state budget for 2020-2021 early on November 22 as PM Marjan Sarec managed to gain critical support from opposition parties after the Left party (Levica) withdrew its support for the government.

The minority government led by Sarec was on the brink of collapse since the leftist party decided to withdraw its support earlier this month due to disagreements over supplemental health insurance, which Levica wanted to be abolished.

The budgets were passed in a 49-41 vote with the support of the opposition National Party (SNS) and several other minority MPs.

The withdrawal of the Left party, left the majority short of three MPs in the 100-seat parliament which will make harder for Sarec to complete his four-year mandate.

"The first test was passed, but the troubles do not end," Sarec wrote on Twitter. He expects that the Democratic Party (DS) party to veto the budget implementation in the upper house of the parliament, but hopes that a solution will be found.

The Slovenian government plans surpluses for both years, 2020 and 2021. For 2019, the Slovenian budget surplus is projected to reach €194mn, or 0.4% of GDP. 

According to Finance Minister Andrej Bartoncelj, the budgets maintain a high level of social security, and also have a development component.

Related Articles

MBH Bank Tier 2 bond sale oversubscribed 3.5 times

Hungary’s MBH Bank has completed a successful €200mn Tier 2 bond issuance amid strong investor appetite. The ten-year notes, callable after five years, are priced with a 6.875% coupon following ... more

IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist

The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 ... more

Azerbaijan’s banking sector assets reach AZN27.88bn with a 2.55% NPL ratio in March 2025

The Azerbaijani banking sector has demonstrated remarkable resilience and steady growth in recent years, despite global economic challenges, according to the latest central bank ... more

Dismiss