Public finance position continues to improve gradually on the back of strong revenue growth, coupled with a rapid recovery in economic activity and the withdrawal of support to mitigate the effects of the epidemic, while the rest of public spending is growing markedly. For the time being, heightened macroeconomic risks are mainly reflected in the […]
Last year, fiscal trends were again seriously affected by the epidemic. The scope of measures taken to mitigate its impact was again substantial, however, the general government deficit decreased, mainly due to a marked rebound in economic activity and the resulting cyclically driven high revenue growth. Nevertheless, fiscal policy was pro-cyclically expansionary according to the […]
The Fiscal Council was invited to attend the first extraordinary meeting of the Commission for Public Finance Control, to be held on 16 June 2022, to discuss the agenda item: The fiscal situation in Slovenia and warnings of the Fiscal Council, namely the Fiscal Council’s assessment of the fiscal implications of the Coalition Agreement. The […]
According to provisional data, the state budget deficit amounted to EUR -22 million in the first five months of 2022, while without taking into account the direct effect of COVID-related measures, there would have been a surplus of EUR 309 million. Revenue in the first five months of 2022 on a year-on-year basis was 17.3% […]
The Coalition Agreement “The 15th Government of the Republic of Slovenia: The Work Programme of the 2022-2026 Coalition” contains a set of broadly defined measures that go well beyond the four-year term of office. In terms of public finances, one of the key orientations of the Coalition Agreement is to gradually reach the EU-27 average […]
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 aforementioned Act, adopted in June 2015, identifies the Fiscal Council as an independent and autonomous state […]