Assessment by the Fiscal Council: Compliance of the budgetary documents for the 2018–2020 period with the fiscal rules (executive summary)
On the basis of the review of the macroeconomic and fiscal trends forecasts the Fiscal Council assesses that the submitted budgetary documents are only partially in compliance with the fiscal rules that apply in the period in which Slovenia has not yet achieved its medium-term fiscal target.
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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