Ljubljana, 01 October (STA) - Helping indebted companies deleverage is seen in Slovenia as a principal economic-policy objective, but fresh statistical figures show the process is already under way.
The surplus of non-financial corporations, a measure showing the difference between internal funds and gross capital formation, indicates companies are paying down debt.
In the second quarter of this year, the surplus widened to EUR 142m from almost EUR 55m in the first quarter, though below the EUR 260m in the same quarter last year, the Statistics Office has said.
The corporate sector had had huge deficits prior to the economic crisis, peaking in 2008. In 2009 the deficit started dropping and in 2011 it turned to surplus.
While the initial deficit-reduction was a result of slackening business activity, the latest figures suggest companies are starting to deleverage, according to the statisticians.
Encouraging signs are also coming from households, as gross disposable income rose almost half a percentage point in the second quarter year-on-year.
Excluding a one-off jump precipitated by an adjustment of the public sector wages late last year, this was the first increase in disposable income since the third quarter of 2011.
At the same time, the households' savings rate, which had been dropping since 2008, surged by three percentage points last year, to 14.4%, above the EU and eurozone average.