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Slovenia Weekly

Continuation of structural reforms and long-term financing to boost economic growth and employment

10.10.2014

Editorial

The new Slovenian Government will continue to implement structural reforms and privatisation procedures. Photo: Mostphotos
“In the next few weeks, we will work quickly to prepare the revision of the 2014 budget and, based on that, the amendment to the 2015 budget”, said finance minister Mramor at the beginning of the week. At the recent Employment Summit, PM Cerar stressed that, in order to achieve more sustainable public finances and improve the competitiveness of the export-driven Slovenian economy while preserving the pillars of the social state, the new Slovenian Government will continue to implement structural reforms and privatisation procedures. Despite improved economic growth forecasts this year, Slovenia is in an economic crisis, which is reflected in the high budget deficit and high unemployment. According to the PM, reducing unemployment is a very complex task, as taking “… one-sided actions only in the employment field does not guarantee results. Therefore, we need to plan our actions to increase employment within economic policy”. Therefore, at the Milan Summit, he expressed his support for a more coordinated response at the European level, the continuation of structural reforms in individual member states, and greater investment and long-term financing to boost economic growth and, consequently, employment.

Structural measures to boost growth and employment

PM Cerar: "We need to plan our actions to increase employment within economic policy”. Photo: STA
“In the last year and a half, Slovenia has put great emphasis on structural measures to boost growth and jobs. With this approach, we are already seeing steady GDP growth of 2.0% in 2014, with promising growth ahead. Far better than expected,” said the Slovenian PM, Miro Cerar, in his address to the heads of state and government of EU member states and the ministers responsible for labour who were attending the third Employment Summit in Milan. The PM stressed that, in order to achieve more sustainable public finances and improve the competitiveness of the export-driven Slovenian economy while preserving the pillars of social state, the new Slovenian Government will continue to implement structural reforms and privatisation procedures.

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