Slovenia's parliament has voted into office a new center-left government in the small eurozone nation that narrowly avoided bailout last year.

Prime Minister Miro Cerar's government was approved Thursday in a 54-25 vote in the 90-member assembly.

Cerar's party won the July 13 election, which was called when previous premier Alenka Bratusek resigned after losing the leadership of her political party.

The new government is made up of three left-leaning parties. It has promised restrictive fiscal policies, including reduced spending and improved tax collection.

Cerar told lawmakers that "if we do not act decisively, our grandchildren will end up paying for present wage and pension expenditures."

The previous government managed to stabilize Slovenia's ailing banks, which were at the center of its financial crisis.