Main aggregates of the general government sector, 4th quarter 2024
General government generated a surplus the first time after nineteen consecutive quarters
The surplus of the general government amounted to EUR 21 million or 0.1% of GDP, and consolidated general government gross debt to EUR 44,895 million or 67.0% of GDP.
Total revenue grew more than total expenditure
In the fourth quarter of 2024, general government generated a surplus of EUR 21 million or 0.1% of GDP. The surplus was generated for the first time after nineteen consecutive quarters.
The growth of total revenue was 6.8 percentage points higher than the growth of total expenditure.
Revenue growth affected the most by social contributions
Total general government revenue grew for the sixteenth consecutive quarter. It amounted to EUR 8,327 million. Compared to the same quarter of 2023, it increased by EUR 689 million or 9.0%.
In nominal terms, total revenue was increased the most by social contributions, which is also in this quarter the result of the implementation of compulsory health contribution. Compared to the fourth quarter of 2023, social contributions went up by EUR 351 million or 13.0%. Tax revenue increased by EUR 254 million or 7.2%. Of this, revenue from current taxes on income and wealth increased by EUR 135 million or 10.5%. Property income increased by EUR 307 million or 224.8%, which is the result of higher dividend revenue received by the general government sector.
Revenue from interest grew for the twelfth consecutive quarter, this time by EUR 14 million or 12.9%.
Total expenditure pushed up by social transfers in cash and in kind
Total general government expenditure amounted to EUR 8,306 million, which was EUR 181 million or 2.2% more than in the same quarter of 2023.
In nominal terms, social transfers in cash and in kind increased the most. They were EUR 204 million or 6.9% higher than in the same quarter of 2023. Compensation of employees was higher by EUR 118 million or 6.9%.
Gross fixed capital formation increased by EUR 7 million or 0.8%. Interest expenditure decreased by EUR 20 million or 9.1%.
Consolidated general government gross debt higher
At the end of the fourth quarter of 2024, consolidated general government gross debt amounted to EUR 44,895 million or 67.0% of GDP. Compared to the end of the previous quarter, it increased by EUR 650 million. Debt in long-term securities increased the most.
General government debt at the central level was estimated at EUR 43,953 million or 65.6% of GDP, and at the local level at EUR 1,154 million or 1.7% of GDP.
Social security funds did not record any debt at the end of the observed quarter.
Tables with the latest data are available in the SiStat Database.
Revenue and expenditure growth1) of general government sector, Slovenia
1) Changes on the same quarter of the previous year.
Main aggregates of quarterly non-financial accounts for general government sector, Slovenia
1) Some totals and calculations do not add up due to rounding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Main aggregates of quarterly non-financial accounts for general government sector, Slovenia
1) Some totals and calculations do not add up due to rounding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
METHODOLOGICAL NOTE
Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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