Business News


Commerce Chamber Critical of Govt Budget Proposal

Ljubljana, 07 November (STA) - The Chamber of Commerce and Industry (GZS) expressed reservations about the government budget bill for 2013 on Wednesday, saying it saddled businesses with additional tax burdens while being based on unrealistic expectations regarding investments and the phasing of EU funds.

Criticising the austerity budget, which aims at bringing the government deficit below 3% of GDP, the GZS called for more focus on kick-starting the economy, on technological development and on stable public finances.

The chamber again protested against the raising of the VAT for selected services and against environmental taxes, saying they contributed minimally to revenue while being potentially fatal for the businesses affected.

It pointed to continuing administrative obstacles in the phasing of EU funds - the government's main source of investment funding. If they are not abolished, EUR 300m-worth of public investment and EUR 500m-worth of private investment in infrastructure will not materialise, imperilling "at least 10,000 quality jobs".

The GZS expects measures that will launch the planned investments as well as an end to the dispersion of powers among institutions helping Slovenian companies abroad.

The chamber agrees with the need for saving, but also called for a revaluation and optimisation of individual procedures and for a reform of public procurement.

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