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03/06/2019

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 […]

02/11/2019

Assessment by the Fiscal Council: Compliance of the Proposal of Revised State Budget 2019 with the fiscal rules

The proposed revised state budget and the already adopted Framework for the Preparation of the General Government Budget indicate an expansionary and pro-cyclical fiscal policy in 2019. In the Fiscal Council’s opinion, such policy is unsuitable in the current conditions. In this regard, the Fiscal Council considers it worrying that the growth in revenue, achieved mainly through economic growth, will be accompanied by a sustained increase in expenditure, which will not simultaneously address structural challenges of public finances.

01/10/2019

Public Finance and Macroeconomic Developments, January 2019

Favourable fiscal trends continued last year, but structural indicators, the position in the economic cycle and increased risks require increased caution in running fiscal policy and the adoption of measures to address long-term challenges. The general government sector recorded a surplus of 0.8% of GDP in the three quarters of 2018, which was mainly driven […]

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