News

01/18/2018

Fiscal Council publishes Public Finance and Macroeconomic Developments

In addition to current trends, the publication “Public Finance and Macroeconomic Developments”, issued by the Fiscal Council, will also include an assessment of the factors and risks that could affect the attainment of fiscal objectives. In accordance with the Fiscal Rule Act, the Fiscal Council publishes its assessments of compliance with fiscal rules in its […]

12/01/2017

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 […]

11/22/2017

Fiscal Council’s view of the opinion of the European Commission regarding the Draft Budget Plan 2018

In its opinion Regarding the Draft Budget Plan 2018, published today, the European Commission states that the draft budget plan is only partly in line with the fiscal rules applicable to the Stability and Growth Pact. The Fiscal Council findings were similar in its Assessment of the Compliance of Budget Documents for the period 2018-2020 […]

10/19/2017

Assessment by the Fiscal Council: Compliance of the budgetary documents for the 2018–2020 period with the fiscal rules (executive summary)

On the basis of the review of the macroeconomic and fiscal trends forecasts the Fiscal Council assesses that the submitted budgetary documents are only partially in compliance with the fiscal rules that apply in the period in which Slovenia has not yet achieved its medium-term fiscal target.

09/27/2017

Position of the Fiscal Council on the legal framework for medium-term fiscal planning

The Fiscal Council calls for accelerated adoption of the new Public Finance Act, so that, among other things, the provisions of the Directive on requirements for budgetary frameworks of the Member States (2011/85/EU) will finally be transposed appropriately and the new act can be applied in budgetary procedures as of the beginning of 2018.

08/10/2017

Fiscal Council recommendation: Fiscal policy must include swift actions to limit the fiscal implications of population aging

Demographic aging is one of the key challenges of Slovenian fiscal policy. This is a long-term problem, which, however, calls for an immediate response. Without quick action on demographic aging-related expenditure, the conditions for achieving medium and long-term stability of public finances will be tightened, as it will be necessary to establish a significantly higher […]

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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