• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

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Slovenia scrambles to avert bailout

May 09 2013 17:42
Reuters

Ljubljana - Slovenia pledged on Thursday to sell 15 state firms including its second-largest bank, biggest telecoms operator and the national airline under a crisis package to avert an international bailout.

Prime Minister Alenka Bratusek said value added tax would rise from 20% to 22% from July but that the government was still in talks with unions on planned cuts to the public sector wage bill.

She said the budget deficit would soar to 7.8% of national output this year but the government aimed to bring it down to 3.3% in 2014.

Finance Minister Uros Cufer said the package would result in total savings of around €1bn in spending cuts and revenues.

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