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 […]
According to preliminary data, the state budget deficit in the first three months of 2021 was EUR 1,291 million, which is almost half of the projected deficit for the whole of 2021. Not counting the direct effect of COVID measures, the deficit amounts to EUR 432 million. While a deficit increase in the first quarter is not uncommon, mostly due to […]
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 […]
The general government debt mirrors imbalances in public finances, which makes it one of the most important indicators of the macroeconomic situation. After the general government debt failed to reach pre-crisis levels following its significant increase in the previous global financial crisis, the current crisis contributed to its renewed strong increase in Slovenia and in […]
According to the preliminary data, the state budget deficit in the first two months of 2021 was EUR 661 million, which is almost a quarter of the projected deficit for the whole of 2021. The deficit would be smaller (EUR −128 million) without considering COVID measures. The monthly cost of COVID measures with a direct effect on the state budget balance was EUR 65 million […]
Being undertaken due to the epidemiological crisis, the extensive measures are reflected in the significant increase in general government expenditure, while general government revenue has also seen a substantial decline due to the restrictions imposed on a range of economic activities resulting in a severe economic downturn. The deterioration of public finances is predominantly a […]