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Press Release

6.12.18

11th regular government session

Photo: Bor Slana/STA

At today’s session, the Government defined the amendments to the Ordinance on the framework for the preparation of general government budget for the 2018 to 2020 period, in the part relating to 2019. The framework defines the upper limit of expenditures for public funding, and its amendment will allow the rebalancing of the budget for 2019, which is planned to be carried out next year. The government will send the draft amendment to the National Assembly for adoption and to the Fiscal Council for assessment. 

  

The ordinance has to be adopted, since higher revenues are expected due to increased economic growth, and regulations were adopted and agreements concluded this year with representative associations and trade unions, which increase the scope of budget expenditure. The draft ordinance will thus raise the upper limit for expenditure in all four public funding accounts (the state budget, the pension insurance fund, the health insurance fund and the municipal budgets), and also sets out a target balance for the public sector and the maximum expenditure by the public sector. 

  

According to the draft ordinance, the target balance for the public sector, i.e. the budget surplus for 2019, will rise from 0.2% of GDP to 0.4% of GDP, and the maximum expenditure by the state for the coming year will rise from EUR 19,512 billion to EUR 20,610 billion. 

  

According to the draft ordinance, the target balance for the state budget for 2019 will go from a deficit of 0.6% of GDP to a surplus of 0.3% of GDP, and the maximum expenditure for the state budget for the coming year will rise from EUR 9,697 billion to EUR 10,160 billion. 

  

The maximum level of expenditure for municipalities for 2019 will increase from EUR 2,174 billion to EUR 2,235 billion, the maximum level of expenditure for the pension insurance fund for 2019 will decrease from EUR 5,600 billion to EUR 5,530 billion, and the maximum level of expenditure for the health insurance fund for 2019 will increase from EUR 2,944 billion to EUR 3,055 billion. Despite the reduction in the maximum level of expenditure for the pension insurance fund, total expenditure is EUR 219 million higher than the estimated expenditure for 2018 and will allow the payment of ordinary and extraordinary adjustments and the agreed annual bonus amounting to EUR 140 million.

  

The government also defined today the text of the new draft Act on Certain Concession Contracts for deliberation in the National Assembly under fast-track procedure. The act transposes European Directive 2014/23/EU into Slovenian national law, and also sets out standardised rules for concluding concession contracts for construction and services under that law and above the value threshold set by the Directive (currently set at EUR 5,548,000).

  


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