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The Fiscal Council has assessed the draft revised budget of the Republic of Slovenia for 2020 and the draft Ordinance amending the Ordinance on the framework for the preparation of the general government budget for the 2020–2022 period. Due to exceptional circumstances, a temporary deviation from the fiscal rules is permitted this year, but the […]

Upon the adoption of one-off anti-crisis measures, the Fiscal Council decided to continuously monitor their fiscal impact and to regularly update its assessment. This time we are publishing the fourth assessment of the actual impact of one-off anti-crisis measures, which includes the likely final impact of the first anti-coronavirus legislative package, while the financial impact […]

In accordance with the transposition of Directive EU/2011/85 into Slovenian legislation, the Fiscal Council is obliged, from 2020 onwards, to assess and publicly publish the results of the assessment of deviations of macroeconomic and fiscal forecasts on a biannual basis. It has made its first such assessment, concluding that over the past four years the […]

The COVID-19 pandemic and the measures for its containment have had a significant impact on the deterioration of macroeconomic results while directly and indirectly also worsening fiscal results. In the first quarter of 2020, the general government deficit amounted to EUR 739 million, which is 6.6% of GDP (in the same period last year: −0.8% […]

Combined with the exogenous effects of the epidemic, activities for the containment of the COVID-19 epidemic will bring about a sharp economic downturn. Extensive one-off measures have been adopted to mitigate these consequences, which will have a profound impact on the fiscal situation. The adoption and particularly the implementation of such measures require transparency, which […]

According to the Fiscal Council’s assessment, in 2019 the budgetary policy was expansionary, although it should have been restrictive given the cyclical position of the economy. The expansionary policy largely derived from measures that did not promote the long-term economic potential, but rather strengthened disposable household income in the short term. According to the data […]