News

08/10/2017

Fiscal Council recommendation: Fiscal policy must include swift actions to limit the fiscal implications of population aging

Demographic aging is one of the key challenges of Slovenian fiscal policy. This is a long-term problem, which, however, calls for an immediate response. Without quick action on demographic aging-related expenditure, the conditions for achieving medium and long-term stability of public finances will be tightened, as it will be necessary to establish a significantly higher […]

07/18/2017

Assessment of compliance of the general government budget with the fiscal rules in 2016

The Fiscal Council is obliged to assess the compliance of the general government budget from the previous year with the fiscal rules. On the basis of the review of the macroeconomic situation and the developments in public finances the Fiscal Council assesses that in 2016 Slovenia complied with the fiscal rules that apply in periods […]

06/15/2017

Positions of the Fiscal Council Fiscal risks related to the decision the State made regarding large infrastructure projects

Fiscal risks surrounding the decision that the State made regarding large infrastructure projects – example: construction of the second track of the Divača-Koper railway line.

06/07/2017

Fiscal Council recommendation: Strong economic growth facilitates and requires additional fiscal effort

All stakeholders proposing government budget expenditures should contribute constructively to a sustainable medium-term public finance condition.

04/25/2017

Assessment of the sustainability and coherence of public finance policy with the fiscal rules on the basis of the proposal for the ORDINANCE ON AMENDMENTS TO THE ORDINANCE on the framework for the preparation of the general government budget for the period 2017-2019

On the basis of the Fiscal Rule Act (ZFisP UL, 55/15 (2.) point 8 of Article 7) the Fiscal Council is obliged to provide an opinion on changes to the framework regarding the sustainability and coherence of public finance policy with fiscal rules. Pursuant to paragraph 2 of Article 6 of the Fiscal Rule Act […]

04/13/2017

Assessment of sustainability and compliance of the fiscal policy with the fiscal rules based on the draft amendment to the Stability Programme and the proposed framework for the preparation of the general government budgets for the 2018–2020 period

Pursuant to the Fiscal Rules Act (ZFisP, Official Gazette of the Republic of Slovenia (Uradni list RS), No. 55/15, points (2) 1 and (2) 8 of Article 7), the Fiscal Council is obliged to submit its opinion on the Stability Programme and on the amendments to the framework regarding sustainability and compliance of the fiscal […]

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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