The Government has adopted the Programme of Measures for Economic Growth and asked ministries to implement the measures by the end of July 2012. The programme includes amendments to sixteen acts, with a total of 75 measures to help boost economic growth.

The Government of the Republic of Slovenia sees balancing public finances as one of the most important goals to achieve within its mandate. This would lead to a stable and sustainable domestic macroeconomic environment.

Initial measures were primarily directed at stabilising government spending; however, to balance public finances, it is also necessary to influence revenues. This is why the Ministry of Economic Development and Technology, along with other ministry departments, has prepared a Package of Measures for Economic Recovery to further boost economic activity.

Sixteen acts will be amended by the end of July, with a total of 75 measures intended to boost economic recovery, including reducing administrative barriers and financial alleviation. To boost economic activity, the Government of the Republic of Slovenia will allocate a further EUR 377.5 million through public tenders. From this sum, EUR 148.5 million will be spent on subsidies, EUR 50 million on guarantees and EUR 179 million on public investment. The Package also contains measures to alleviate the credit crunch and provide cheaper financing for the Slovenian economy.

More information: Ministry of Economic Development and Technology, Ms Suzana Zagorc, Public Relations, (phone: +386 1 400 33 20, email: suzana.zagorc[@]gov.si ).