News

Answer to the Commission for Public Finance Control of the National Assembly of the Republic of Slovenia, which asked the Fiscal Council, within the 3rd resolution of the 6th emergency session of 20 February 2019, “…to deliver an opinion on the fiscal justification and risks entailed by the construction project of the second track of […]

Fiscal Council sent a proposal to meet to all the deputy groups of the current National Assembly of the Republic of Slovenia in order to present its mode of operation, basic information on fiscal rules and the importance of their implementation. The proposal reached a positive feedback among the deputy groups with Fiscal Council today […]

Fiscal Council sent a proposal to meet to all the deputy groups of the current National Assembly of the Republic of Slovenia in order to present its mode of operation, basic information on fiscal rules and the importance of their implementation. The proposal reached a positive feedback among the deputy groups with Fiscal Council today […]

The proposed revised state budget and the already adopted Framework for the Preparation of the General Government Budget indicate an expansionary and pro-cyclical fiscal policy in 2019. In the Fiscal Council’s opinion, such policy is unsuitable in the current conditions. In this regard, the Fiscal Council considers it worrying that the growth in revenue, achieved mainly through economic growth, will be accompanied by a sustained increase in expenditure, which will not simultaneously address structural challenges of public finances.

Favourable fiscal trends continued last year, but structural indicators, the position in the economic cycle and increased risks require increased caution in running fiscal policy and the adoption of measures to address long-term challenges. The general government sector recorded a surplus of 0.8% of GDP in the three quarters of 2018, which was mainly driven […]

The proposed Ordinance Amending the Ordinance on the Framework for Preparing General Government Budgets for the 2018–2020 Period, which was received for assessment by the Fiscal Council, relates solely to 2019. Thus the framework does not reflect the fiscal policy orientation for the next few years, as required by the law. As a result, Slovenia […]