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Crisis-hit Slovenia revises upwards 2012 deficit

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(Globalpost/GlobalPost)

Slovenia's statistics office revised upwards on Friday the troubled eurozone country's 2012 public deficit to 4.0 percent of economic output from a preliminary estimate of 3.7 percent.

The change was due to lower-than-expected corporate tax income, the statistics office said, adding that its 2013 forecast remained at 4.2 percent of gross domestic product (GDP).

Two-million-strong Slovenia, once a model EU newcomer, is seen in the next in line for a possible bailout due to major problems with its banks and a recession.

The European Commission has estimated Slovenia's public deficit in 2012 was 4.4 percent of GDP and predicted a 5.1 percent shortfall for this year.

Eurozone countries are obliged to keep their public deficits below three percent of GDP.

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http://www.globalpost.com/dispatch/news/afp/130419/crisis-hit-slovenia-revises-upwards-2012-deficit