News

12/13/2018

Assessment by the Fiscal Council: Proposal for the Ordinance amending the Ordinance on the Framework for Preparing General Government Budgets for the Period 2018–2020

The proposed Ordinance Amending the Ordinance on the Framework for Preparing General Government Budgets for the 2018–2020 Period, which was received for assessment by the Fiscal Council, relates solely to 2019. Thus the framework does not reflect the fiscal policy orientation for the next few years, as required by the law. As a result, Slovenia […]

12/12/2018

Fiscal Council consultation at the end of 2018

Members of the Fiscal Council were confirmed by the Parliament in March 2017, with 2018 being the first full calendar year of Fiscal Council’s operation. At this occasion, Fiscal Council organised a consultation with experts on public finance and on economic policy. The consultation was attended by Anže Burger, PhD, Boris Majcen, PhD, Matjaž Novak, […]

12/06/2018

Fiscal Council hosted the delegation of the International Monetary Fund

On 6 December 2018 Fiscal Council hosted a delegation of International Monetary Fund (IMF) within its regular annual visit to Slovenia. Members of the IMF delegation presented alternative ways of tax restructuring to the Fiscal Council, which was followed by a short discussion on main issues related to this topic.

10/23/2018

Fiscal Council hosted the IMF delegation

On 23 October 2018, the Fiscal Council hosted a delegation of the International Monetary Fund (IMF) within its regular annual visit to Slovenia. The purpose of the visit was to exchange views on the current and expected fiscal position of Slovenia and the medium-term fiscal policy challenges. The discussion focused primarily on the Fiscal Council’s […]

10/15/2018

Statement regarding the Draft Budgetary Plan for 2018 and 2019

The Draft Budgetary Plan is an important document in the context of the coordination and monitoring of economic policies in the EU in which Member States are required to present the main guidelines on the fiscal targets and measures for the coming year prior to the adoption of budget documents in national parliaments. The document […]

09/26/2018

The Fiscal Council’s explanation concerning the published Assessment of fiscal and macroeconomic consequences of the Coalition Agreement on Cooperation within the Government of the Republic of Slovenia in the 2018–2022 term of office

Pursuant to the Fiscal Rule Act the Fiscal Council is an independent and autonomous body required to review compliance with the fiscal rules, thereby guaranteeing the conditions for long-term sustainability of public finance. The Fiscal Council is aware that the coalition agreement is not a budget document and also not necessarily a binding document. Nevertheless, […]

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 was adopted and changed in 2025 (the Fiscal Rule Act).

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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