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Published: 04/02/2021

Assessment by the Fiscal Council: Fulfilment of conditions for the existence of exceptional circumstances in 2022

On 25 March 2021, pursuant to paragraph two of Article 12 of the Fiscal Rule Act the Government of the Republic of Slovenia communicated a decision of the 66th regular session of 24 March 2021 requesting the Fiscal Council to assess the existence of the exceptional circumstances in 2022.

The Fiscal Council notes that in 2022, given the available information and forecasts at the time of drafting this assessment, at least one of two conditions will be met which under Article 12 of the Fiscal Rule Act enable exceptional circumstances to be enforced and thus permit a deviation from the applicable rules within the measures aimed at mitigating the consequences of an unusual event, provided that this does not jeopardise the medium-term sustainability of the public finance. Such a finding is subject to uncertainty and may change in the future. The Fiscal Council will regularly check the fulfilment of the stated conditions for the enforcement of exceptional circumstances in the case of any updated macroeconomic forecasts or assessment of future budget documents.

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