Fiscal Council hosted the IMF delegation

On 29 November 2017, the Fiscal Council hosted a delegation of the International Monetary Fund (IMF) within its regular annual visit to Slovenia.

The purpose of the visit was to exchange views on the current and expected fiscal position of Slovenia and the medium-term fiscal policy challenges, where the discussion focused primarily on the Fiscal Council’s evaluation of the budget documents.

The members of the Fiscal Council also informed the IMF’s representatives about recent experience on the position and role of the Fiscal Council in the budgetary process.

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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