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Report on the Fiscal Council’s operations in 2018

Pursuant to the Fiscal Rule Act, the Fiscal Council is required to submit a report on its operations in the past year to the National Assembly of the Republic of Slovenia by the end of May each year. The first part of the report describes the structure and various levels of operations of the Fiscal Council in the last year: the Fiscal Council drew up all budgetary document assessments envisaged by the legislation, and at the same time responded to economic and political events that marked the past year. The second part of the report presents selected topics that the Fiscal Council examined in more detail and that constituted the basis for the opinions and assessments provided.


Assessment by the Fiscal Council: Compliance of fiscal policy with the fiscal rules on the basis of the draft Stability Programme 2019 and the proposed Ordinance on the framework for the preparation of the general government budgets for the 2020-2022 period

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.


Consultation marking the second anniversary of the Fiscal Council

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 […]

© Fiscal Council 2017 - 2019

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