Fiscal Council consultation at the end of 2022

At the end of 2022, the Fiscal Council held a regular consultation with experts in public finance and economic policy. Participants to the meeting were Matej Avbelj, Anže Burger, Mitja Gaspari and Janez Šušteršič. On the initiative of the Fiscal Council, the discussion focused on proposed reform of the economic governance in the EU but also addressed the issue of current budgetary trends and long term challenges of fiscal policy.

Slovenia has committed itself to establishing the Fiscal Council by ratifying the international Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, based on which the fiscal rule was integrated into the Constitution in 2013, while in 2015 an implementing act – the Fiscal Rule Act – was adopted.

The Fiscal Council is an independent and autonomous state authority supervising the management of the fiscal policy. Its fundamental task is to monitor the compliance with the fiscal rule, the medium-term balance between revenue and expenditure without borrowing, except in exceptional circumstances, and to monitor the implementation of the EU legislation regulating the economic governance in Member States.

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