Fiscal Council

Beginning January 1, 2023, the retirement limit for women is moving up again, and it will continue moving until 2032 when the limit for women and men should be equalized at 65 years.

The Fiscal Council has assessed the proposed state budgets for the next two years, finding they to some extent reflect the required course of action, but also contain shortcomings and entail risks, including a high level of discretionary expenditure in the form of investment and pay rises.

Ljubljana – The National Assembly is meeting for an eventful plenary session tomorrow that will culminate on Friday and next Monday with debates and votes on the opposition-sponsored motions to oust Environment Minister Andrej Vizjak and Interior Minister Aleš Hojs.

Ljubljana – The National Assembly has passed investment-oriented budget documents for the next two years under which the deficit is to be reduced from EUR 4 billion this year to EUR 2.47 billion in 2022 and EUR 1.52 billion in 2023, although opposition MPs and the Fiscal Council have expressed doubt this is realistic.

Ljubljana – The newspaper Delo says in Monday’s front-page commentary that whatever the next government will be, it should normalise public finance without hindering economic growth. The current government is meanwhile showing a dismissive attitude towards the Fiscal Council and taxpayers by failing to heed the former’s warnings about future budgets.

The financial crisis and the pandemic have led to an increase in the public debt from about 15% of GDP in 2008 up to over 47% of GDP at the end of 2020, with a fiscal consolidation with an average annual deficit correction rate of approx. 1.5% of GDP to stabilize the debt at just over 50% of GDP by 2024, says the president of the Fiscal Council, Daniel Daianu.

The draft budget amendment weakens the budgetary consolidation as it was announced for 2021, the Fiscal Council said on Thursday night, in a release.

On June 15th Covid-19 epidemic in Slovenia officially ended. But as it turns out nothing has really changed.

Dnevnik takes issue with formal end of epidemic

Dnevnik argues in Wednesday’s commentary that the formal end of the coronavirus epidemic does not change anything, it merely creates confusion and undermines public trust in the authorities.

The President of Serbia said that in 2014, he was forced to propose fiscal consolidation and adopt the most difficult measures. He added that they were doing something that no one liked.
"We had to reduce salaries and pensions, to pass a more flexible Labor Law, to go against the will of the people, so that today we can enjoy the fruits of such difficult reforms," Vucic said.

Ljubljana – The opposition-controlled Commission for Oversight of Public Finances debated on Wednesday the impact of the proposed tax reform on public finances, with one of the adopted conclusions assessing the reform as an inappropriate fiscal response to the current crisis.