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According to provisional data, the state budget deficit amounted to EUR 434 million in January 2021, and without the effect of COVID-related measures the state budget would have had a slight surplus (EUR 36 million). The monthly cost of COVID-related measures with a direct effect on the state budget balance was EUR 472 million in […]

In accordance with the Fiscal Council’s expectations, the state budget deficit in 2020 was EUR 3.5 billion and therefore smaller than the revised budget projections (EUR 4.2 billion). The scope of all implemented COVID measures in 2020 amounted to EUR 2.9 billion and to EUR 2.4 billion for the measures having direct effect on general […]

Due to the changing demographic structure, the long-term sustainability of public finance in Slovenia is exposed to many risks. The amendments to the pension legislation adopted in 2019 only led the situation to deteriorate, while appropriate compensatory measures have not yet been adopted. The proposal of the seventh anti-corona package (ACP7-PKP7 in Slovene version) contains […]

In the current uncertain conditions, expansionary fiscal policy is counter-cyclical and, as such, appropriate in the light of available forecasts. However, the planned expenditure of the general government sector in the coming years is high and therefore exposed to significant risks, especially related to their effectiveness. At the same time, the current situation should not […]

The Fiscal Council notes that, given the available data and forecasts at the time of drafting this assessment, both conditions are met, which, pursuant to Article 12 of the Fiscal Rule Act (hereinafter: ZFisP), enable exceptional circumstances to be enforced and thus permit a temporary deviation from achieving medium-term fiscal sustainability. In 2021, at least […]

The Fiscal Council has assessed the draft revised budget of the Republic of Slovenia for 2020 and the draft Ordinance amending the Ordinance on the framework for the preparation of the general government budget for the 2020–2022 period. Due to exceptional circumstances, a temporary deviation from the fiscal rules is permitted this year, but the […]