Fiscal Council held a meeting with Prime Minister elect Mr Marjan Šarec

The Prime Minister elect Mr Marjan Šarec responded to the invitation and visited Fiscal Council together with Mr Vojmir Urlep today.

During an informal meeting the Fiscal Council presented the meaning of fiscal rules to ensure medium term public finance sustainability, while the debate also touched the pubilc finance aspects of coalition agreement. Both sides underlined the importance of respecting fiscal rules in order to support durable sustainability of public finance.

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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