News

04/13/2017

Assessment of sustainability and compliance of the fiscal policy with the fiscal rules based on the draft amendment to the Stability Programme and the proposed framework for the preparation of the general government budgets for the 2018–2020 period

Pursuant to the Fiscal Rules Act (ZFisP, Official Gazette of the Republic of Slovenia (Uradni list RS), No. 55/15, points (2) 1 and (2) 8 of Article 7), the Fiscal Council is obliged to submit its opinion on the Stability Programme and on the amendments to the framework regarding sustainability and compliance of the fiscal […]

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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