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 with the Fiscal Rules, published in October this year.

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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