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Pursuant to the Fiscal Rule Act the Fiscal Council is an independent and autonomous body required to review compliance with the fiscal rules, thereby guaranteeing the conditions for long-term sustainability of public finance. The Fiscal Council is aware that the coalition agreement is not a budget document and also not necessarily a binding document. Nevertheless, […]

Having examined the measures in the Coalition Agreement, the Fiscal Council established that consistent implementation of these measures could distance Slovenia from its medium-term fiscal objective and ensuring fiscal sustainability. Considering the position of the economy, this would translate as procyclical and hence unsuitable fiscal policy. The Coalition Agreement on Cooperation within the Government of […]

The Prime Minister elect Mr Marjan Šarec responded to the invitation and visited Fiscal Council together with Mr Vojmir Urlep today. During an informal meeting the Fiscal Council presented the meaning of fiscal rules to ensure medium term public finance sustainability, while the debate also touched the pubilc finance aspects of coalition agreement. Both sides […]

The Fiscal Council assesses that the proposal for the Ordinance does not comply with the provisions of the Fiscal Rules Act. Such an assessment is based on the fact that neither the political and macro-economic circumstances nor the situation in healthcare have further changed since the preparation of the Stability Programme 2018. Moreover, neither have […]

The favourable economic and fiscal trends continued at the beginning of 2018. A strong increase in public revenues and a moderate increase in expenditures resulted in a general government surplus of 0.6% of GDP. The year-on-year growth in revenues (6.1%) in the first quarter was associated with a continued increase in economic activity and favourable […]

The Fiscal Council assessed the compliance of the general government budgets with the fiscal rules in 2017. In accordance with the provisions of the Fiscal Rule Act the Fiscal Council made an assessment of the compliance of the general government budgets with the fiscal rules in 2017. The Fiscal Council assessed that last year’s fiscal […]