The government measures have achieved their purpose: Preserving social stability and achieving economic recovery

Leaders of the parties of the coalition. (Photo: STA)

According to the Ministry of Finance, the measures from the first anti-corona legislative package have achieved the desired goal, as evidenced by the high credit ratings given to Slovenia by the international institutions, and the excellent borrowing conditions, which are supposed to be a confirmation of the international environment’s confidence in the government’s measures.

At the beginning of the corona crisis, the state distributed 66.8 million euros to more than 300 thousand pensioners, as part of the first legislative aid package.

More than 53 thousand students received a solidarity allowance of 150 euros. The self-employed, who were forced to reduce the amount of their work, or were unable to carry out any work, were entitled to a monthly basic income, for which the state allocated 83 million euros in total.

Almost 30 thousand large families in Slovenia received the allowance of one hundred euros for three, or two hundred euros for four or more children. This amounted to at least three million euros that helped the families in Slovenia.

The government measures have achieved their intended purpose
The fact that the Janša government was not afraid of hard work is evidenced by the fact that the government, which was formed in mid-March of 2020, adopted an intervention law in the very same month, in order to prevent corporate bankruptcies, and return to economic growth as soon as possible. “According to the response index to COVID-19, Slovenia is at the exceptional 7th place among more than 160 countries in the world,” the Ministry of Finance pointed out.

However, the trust of the business and financial circles is supposed to be the best indicator that the adopted measures have achieved their intended purpose. As Slovenia managed to borrow 2.17 billion euros under favourable, pre-crisis conditions, for the purpose of mitigating the consequences of the COVID-19 epidemic, the stability of the state budget was maintained.

“According to the forecasts of the European Commission, which envisages a 6 percent economic growth for Slovenia in 2021, we will almost completely make up for the consequences of this year’s epidemic in one year,” the Ministry of Finance emphasized. In addition to the government measures, the fact that public finances are stable and banks are liquid also contributed to this, and therefore, according to the government, there is no fear of deterioration in the fields of healthcare or pensions. The very stability of public finances should enable further uninterrupted payment of pensions, social transfers, and wages.

Ivan Šokić