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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 […]

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 […]

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 2019 all the obligations imposed by the […]