The Fiscal Council, after reviewing the draft Ordinance on the framework for the preparation of the general government budgets and the draft Stability Programme 2019, finds that in the 2019-2022 period the expected fiscal developments are outside the bounds of the fiscal rules in 2019. From 2020 on the projections set out in the submitted documents are set near the limit values of the fiscal rules but are exposed to significant risks. These risks arise in particular as a result of various economic policy measures which have been announced and have not yet been taken into account in the submitted documents, but are also related to the macroeconomic environment. The persistence of a favourable economic developments allows for the adoption of the necessary structural measures that will ensure long-term fiscal sustainability, particularly given the increasing fiscal pressures associated with the ageing of the population.
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 meeting the deputies of SMC – Stranka modernega centra. Besides topics mentioned above, the discussion also touched the latest assessment of the Fiscal Council related to the proposed revision to the state budget for 2019.
The members of the Fiscal Council were confirmed by the National Assembly on 21 March 2017, when the Fiscal Council started its work. To mark the second anniversary of its establishment, the Fiscal Council organised a consultation with experts in public finance and economic policy. The participants at the consultation of internal character were Gonzalo Caprirolo, Msc, Jože P. Damijan, PhD, Mitja Gaspari, MsC, Igor Masten, PhD, Dušan Mramor, PhD, Marko Pahor, PhD and Mateja Vraničar Erman, MsC. Participants provided opinions on key short- and long-term challenges of fiscal policy and on the role and application of fiscal rules in ensuring the medium-term public finance balance.
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 meeting the deputies of Nova Slovenija – krščanski demokrati (NSi). Besides topics mentioned above, the discussion also touched the latest assessment of the Fiscal Council related to the proposed revision to the state budget for 2019.
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 meeting the deputies of SNS-Slovenska nacionalna stranka. Besides topics mentioned above, the discussion also touched the latest assessment of the Fiscal Council related to the proposed revision to the state budget for 2019.
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.”