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Stability Programme

On 26 April 2012, the Government amended the  Stability Programme for 2012  (385 KB) based on the new macroeconomic forecast. The main goals of the economic policy presented in the programme are the permanent structural stabilisation of public finances and establishing conditions for stable economic growth.

 

The 2012 update of the Stability programme follows the guidelines in the so called European semester whereby the Stability and Convergence programmes are presented to the European Commission during the month of April. The Stability programme is in line with Council recommendation to Slovenia with a view to bringing an end to the situation of an excessive government deficit and takes into account the Council recommendation of 13 July 2010 on broad guidelines for the economic policies of the Member States and of the Union (2010/410/EU), the Council recommendation of 12 July 2011 on the National Reform Programme 2011 of Slovenia and delivering a Council opinion on the updated Stability Programme of Slovenia, 2011-2014 (2011/C 217/01) and conclusions on the fiscal consolidation and structural reforms as adopted by the European Council on 1 - 2 March 2012. The document has been prepared in accordance with Council Regulation (EC) No. 1175/2011 amending Regulation 1466/97, which sets out the rules covering the content of Stability programmes.

 

Slovenia has been formally under an excessive deficit procedure since 2 December 2009. In line with the recommendations made by the Council, Slovenia has to bring down the general government deficit below 3 % of GDP by 2013. The main objectives of the economic policy over the medium-term are the achievement of a permanently balanced structural position and establishing of conditions for stable economic growth. The programme contains measures that will ensure a reduction of the deficit below 3 % of GDP by 2013, which will be followed by further fiscal consolidation towards permanent balanced structural position, in line with the preventive arm of the Stability and Growth Pact (Regulation 1466/97 and 1175/2011) and the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union.

 

In conformity with the guidelines of the revised Stability and Growth Pact, that enhance national ownership, the Stability programme and its updates and the draft opinion of the Council on the Stability programme of the Republic of Slovenia are discussed in the working bodies of the Parliament of the Republic of Slovenia. These bodies also considered the Recommendations of the Council for bringing an end to the situation of an excessive deficit in Slovenia.