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ViewpointApril 25 2016

Slovenia's finance minister looks to keep the good news coming

Slovenia's minister of finance, Dušan Mramor, tells Stefanie Linhardt how he is overseeing the reduction of its budget deficit, economic growth, rising employment and a burgeoning privatisation programme.
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Q: The Slovenian budget deficit has fallen from 15% in 2013 to 5% in 2014 and is now expected to be 2.5% for 2015. What are your expectations for 2015 and how are you planning to achieve this?

A: It is practically not possible to achieve fiscal consolidation without growth and we were very lucky to have had growth of nearly 4% in both 2014 and 2015. [In 2016] we are expecting growth to be a little lower, at about 1.7%, but still high enough to enable us to carry out further fiscal consolidation, so that at the end of this year we should have about 2.3% deficit and in 2017 1.7%.

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