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The Government rounds off and completes the financial cushion for the duration of the epidemic and provides liquidity to the Slovenian economy

At today's session, the Government of the Republic of Slovenia considered the proposed Act Amending the Act Determining the Intervention Measures to Contain the COVID-19 Epidemic and Mitigate its Consequences for Citizens and the Economy (the ZIUZEOP) or 'the first anti-corona package', and the proposed Act on Providing Additional Liquidity to the Economy to Mitigate the Consequences of the COVID-19 Epidemic or 'the second anti-corona package'.

Session of the Government of the Republic of Slovenia

Session of the Government of the Republic of Slovenia | Author KPV

The proposed Act Amending the Act Determining the Intervention Measures to Contain the COVID-19 Epidemic and Mitigate its Consequences for Citizens and the Economy (the ZIUZEOP) provides additional solutions to eliminate ambiguities in the ZIUZEOP. The specific objectives of the proposed measures continue to be to preserve jobs and keep businesses in operation, improve the social position of people, particularly those most at risk due to the SARS-CoV-2 (COVID-19) virus, provide emergency assistance to the self-employed, improve the liquidity of businesses, provide support to scientific research projects in the fight against the COVID-19 epidemic, reduce meeting fees and pay for public office holders at the national level, grant exemption from payment for distribution services, and provide aid to agriculture.

The proposed Act on Providing Additional Liquidity to the Economy to Mitigate the Consequences of the COVID-19 Epidemic introduces strategic measures to help the population and the economy. Measures to help businesses revive investment activity and preserve jobs are of key importance.

The objectives of the proposed act are to facilitate bank borrowing by companies for liquidity purposes and thus contribute to the country's economic stability, prevent major economic damage, preserve jobs in companies, ensure sufficient medium-term liquidity in the banking system and optimise the use of the already tight fiscal space in the budget of the Republic of Slovenia. Additional financial instruments will be needed for the recovery of production, in particular in the form of additional guarantees provided by the Republic of Slovenia for bank borrowing.

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