Slovenia - Public finance





Economic management is fairly good in Slovenia. Public finances showed modest deficits of about 1.4% of GDP through 2001. The debt to GDP ratio was 37% in 2001. Privatization has been relatively successful, although some of the business practices of the Yugoslav brand of communism have carried over to the newly private enterprises.

The US Central Intelligence Agency (CIA) estimates that in 1997 Slovenia's central government took in revenues of approximately $8.1 billion and had expenditures of $8.3 billion. Overall, the government registered a deficit of approximately $210 million. External debt totaled $7.9 billion.

The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Slovenia

REVENUE AND GRANTS 100.0% 8,110
Tax revenue 93.1% 7,553
Non-tax revenue 6.3% 507
Capital revenue <0.1% 5
Grants 0.6% 46
EXPENDITURES 100.0% 8,320
General public services 7.9% 661
Defense 3.1% 257
Public order and safety 4.2% 352
Education 10.7% 893
Health 14.5% 1,205
Social security 43.5% 3,621
Housing and community amenities 1.2% 103
Recreation, cultural, and religious affairs 1.6% 134
Economic affairs and services 9.2% 767
Other expenditures <0.1% 1
Interest payments 3.9% 325

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