News

06/04/2021

Monthly Information, June 2021

According to provisional data, the state budget deficit amounted to EUR 1,350 million in the first five months of 2021, and without the direct effect of COVID-related measures the budget would be roughly balanced. A deficit of EUR 2,747 million is envisaged in the state budget for the whole year. Revenue in the first five […]

05/13/2021

Report on the Fiscal Council’s operation in 2020

The Fiscal Council has prepared a report on its operation in the past year, which it is obliged to submit, pursuant to the Fiscal Rule Act, to the National Assembly of the Republic of Slovenia by the end of May each year. The Fiscal Council estimates that in 2020 all the obligations imposed by legislation […]

05/06/2021

Monthly Information, May 2021

According to provisional data, the state budget deficit amounted to EUR 1.318 million in the first four months of 2021, and without the direct effect of COVID-related measures the deficit would have amounted to EUR 296 million. A deficit of EUR 2,747 million is envisaged in the state budget for the whole year. After favourable […]

04/22/2021

Further clarification by the Fiscal Council regarding the projections of total social benefits expenditure including pensions within the assessment of budget documents for the 2021–2024 period

In drawing up each assessment of budget documents, the Fiscal Council asks the Ministry of Finance for detailed general government revenue and expenditure projections based on the projections that are evident from the draft 2021 Stability Programme. This time, detailed projections were particularly important for drawing up the assessment of the compliance of budget documents […]

04/19/2021

Assessment by the Fiscal Council: Assessment of budgetary documents for 2021 – 2024

In the current uncertain climate, deviations from the medium-term balance are permitted due to exceptional circumstances in accordance with the Fiscal Rule Act, provided that this does not endanger fiscal sustainability in the medium term. The projections for 2021 and 2022 in the submitted budget documents indicate an expansionary fiscal policy that is countercyclical according […]

04/08/2021

Public investment in Slovenia: trends, structure and challenges

In principle, public investment can make a positive contribution to economic growth and the strengthening of economic potential, and thus to developmental catch-up. The available fiscal plans and guidelines for the creation of the EU Next Generation Fund suggest that public investment should play a key role in ensuring the recovery from the current epidemic […]

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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