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Given the high economic growth and the fact that the pre-crisis GDP level has been reached in the middle of the year, the relatively favourable fiscal results of last year were in line with expectations. In 2021, the state budget deficit amounted to EUR –3,080 million or EUR –685 million not counting the direct effect […]

On 25 January 2022, the Fiscal Council held an internal consultation on aspects of fiscal rule changes. The consultation was attended by Matej Avbelj, Anže Burger, Jože P. Damijan, Igor Masten, Mojmir Mrak and Dušan Mramor. The participants presented differing views about the need to change existing fiscal rules and about the potential path to […]

According to provisional data, the state budget deficit amounted to EUR –3.098 billion in 2021, while without the direct effect of COVID-related measures, the deficit would have amounted to EUR –705 million. The deficit in both comparisons was smaller than in 2020, which is mainly the result of the revenue growth as economic activity has […]

According to provisional data, the state budget deficit amounted to EUR –2.641 billion in the first eleven months of 2021, while without the direct effect of COVID-related measures, the deficit would have amounted to EUR –577 million. According to the Ministry of Finance’s estimate of the outturn in September, the state budget deficit is expected […]

According to provisional data, the state budget deficit amounted to EUR –2.339 billion in the first ten months of 2021, while without the direct effect of COVID-related measures the deficit would have amounted to EUR –423 million. According to the Ministry of Finance’s estimate of the out-turn in September, the state budget deficit is expected […]

The proposed budget documents set out an additionally stimulative fiscal policy for the coming years, over and above that included in the documents currently in force, although there are already signs of overheating in the economy, with supply-side constraints emerging. This increases the risk that the temporary exceptional increase in public spending, which was largely […]