Fiscal Council meets State Secretary of the Ministry of Labour, Family, Social Affairs and Equal Opportunities

On 28 August 2019, Fiscal Council members met the State Secretary of the Ministry of Labour, Family, Social Affairs and Equal Opportunities Mr Tilen Božič and his team at the Ministry’s initiative. The discussion focused on the Fiscal Council’s position regarding the presentation of long-term costs of the proposed changes to the pension-related legislation and on the challenges to long-term fiscal sustainability in light of rising expenditure on pensions.

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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