Answer of the Fiscal Council to the request of the Commission for Public Finance Control

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 the Divača-Koper railway line as set out in the Investment Plan adopted by the Government at its 16th regular session on 24 January 2019.”

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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