News

07/05/2021

Analysis of fiscal effects arising from the proposed amendments to tax legislation

At its meeting on 2 June 2021, the National Assembly’s Commission for Public Finance Control adopted a decision proposing the Fiscal Council prepare a comprehensive analysis of fiscal effects of the government’s tax package and submit it to the Commission. The Fiscal Council received the Commission’s decision on 3 June 2021. The analysis drawn up […]

06/14/2021

Assessment by the Fiscal Council: Compliance of the general government budgets with the fiscal rules in 2020

In accordance with the Fiscal Rule Act, the Fiscal Council produced an assessment of compliance of the implemented general government budgets with the fiscal rules in 2020. At the outbreak of the epidemic in March 2020, the Fiscal Council confirmed that the conditions to invoke exceptional circumstances were met. The fiscal rules continue to apply […]

06/04/2021

Monthly Information, June 2021

According to provisional data, the state budget deficit amounted to EUR 1,350 million in the first five months of 2021, and without the direct effect of COVID-related measures the budget would be roughly balanced. A deficit of EUR 2,747 million is envisaged in the state budget for the whole year. Revenue in the first five […]

05/13/2021

Report on the Fiscal Council’s operation in 2020

The Fiscal Council has prepared a report on its operation in the past year, which it is obliged to submit, pursuant to the Fiscal Rule Act, to the National Assembly of the Republic of Slovenia by the end of May each year. The Fiscal Council estimates that in 2020 all the obligations imposed by legislation […]

05/06/2021

Monthly Information, May 2021

According to provisional data, the state budget deficit amounted to EUR 1.318 million in the first four months of 2021, and without the direct effect of COVID-related measures the deficit would have amounted to EUR 296 million. A deficit of EUR 2,747 million is envisaged in the state budget for the whole year. After favourable […]

04/22/2021

Further clarification by the Fiscal Council regarding the projections of total social benefits expenditure including pensions within the assessment of budget documents for the 2021–2024 period

In drawing up each assessment of budget documents, the Fiscal Council asks the Ministry of Finance for detailed general government revenue and expenditure projections based on the projections that are evident from the draft 2021 Stability Programme. This time, detailed projections were particularly important for drawing up the assessment of the compliance of budget documents […]

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 was adopted and changed in 2025 (the Fiscal Rule Act).

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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