EU Commission expects "substantial fiscal effort" from Slovenia

In the recommendations, which are very similar to those issued last year, Slovenia is called to pursue its fiscal policy in line with the requirements of the preventive arm of the Stability and Growth Pact, "which translates into a substantial fiscal effort for 2018".

After exiting the excessive deficit procedure last year, Slovenia is currently in the preventive arm, where the Commission's monitoring is focused on medium-term budgetary goals, particularly a balanced budget.

The Commission proposes achieving a fiscal stance that contributes to both strengthening the ongoing recovery and to ensuring the sustainability of the country's public finances.

While last year's recommendations included an annual fiscal adjustment of 0.6% of GDP for this year, the latest document highlights a risk of some deviation from that requirement, based on the Commission's spring...