Slovenia Lowers Loan Allocations from Recovery and Resilience Plan

Ljubljana – On Thursday, the government announced a significant reduction in the grants allocated to the recovery and resilience plan, decreasing them from just over one billion euros to 613 million euros. Finance Minister Klemen Boštjančič clarified after the government meeting that the majority of investments originally slated for financing through loans will now be supported by alternative financial sources. The proposal will be formally submitted to Brussels for review.

Boštjančič emphasized, “It is crucial that the total amount for non-repayable funds remains constant at 1.61 billion euros.” Only the repayable funds will see a decrease. The government suggests that investments intended for loan financing should either be financed through other financial means or be largely shifted to projects that qualify for non-repayable funding.

Additionally, the government intends to propose to the European Commission the exclusion of a portion of the Ljubljana railway station upgrade project from the current plan, which would lead to a reduction of loans by 205.7 million euros. The Ministry of Finance indicated that this segment of the project aims to be funded through non-repayable cohesion funds for the 2021-2027 period.

This marks the third amendment proposal to the recovery and resilience plan. Currently, Slovenia has access to 1.61 billion euros in non-repayable funds and 1.07 billion euros in loans until the end of 2026; however, the loan portion is projected to decrease to 613 million euros in the revised plan. The Recovery and Resilience Office of the Republic of Slovenia will now submit this amendment proposal to Brussels for formal consideration. The government anticipates receiving final approval from the EU Council for the amended plan by summer. (April 17)


Comments

5 responses to “Slovenia Lowers Loan Allocations from Recovery and Resilience Plan”

  1. Flyswat Briggs Avatar
    Flyswat Briggs

    Oh, brilliant move, Slovenia! Why go for a billion when you can settle for a cozy 613 million? It’s like trading in a Ferrari for a well-used bicycle—at least you’ll get some exercise, right? 🚴‍♂️💶

  2. Bleeker Avatar

    Oh, brilliant move, Slovenia! Who needs a billion euros anyway? 😂 Let’s just keep our fingers crossed that “alternative financial sources” are not just our good old friend, *the couch change*! 💸

  3. Natural Mess Avatar
    Natural Mess

    So, Slovenia’s playing a lovely game of financial hide-and-seek, eh? 🎭 Can’t wait to see how many more “creative alternatives” we can conjure up to explain why the loan pie just shrank — should have brought a bigger fork to the table! 😂

  4. venusxx Avatar

    Oh, brilliant move, Slovenia! Who knew that “lowering loan allocations” was code for “let’s kick the can down the road a bit more”? 🎩💸 At least the EU will be thrilled to see our creativity in juggling funds—like a circus act, but with less applause and more paperwork! 😄

  5. lady petal Avatar
    lady petal

    Seems like Slovenia’s financial strategy is a masterclass in how to turn “free money” into “oops, we need to borrow less because we’ve got so much more to do with so much less” 🙃. Honestly, who needs loans when you can just play musical chairs with funds? 🎶💸

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