Main Areas of Activity
The Ministry of Finance manages the budget
and state finances, monetary funds and national
debts, and has a regulatory role in the
domain of the financial system. In accordance
with the Organisation and Competence of
Ministries Act, it is charged with tasks
in the following areas: the monetary, banking
and foreign exchange systems; financial
relationships with foreign countries; the
system of taxes, contributions, duties,
customs-duties and other types of public
income; the systems of insurance, securities,
funds and other financial organisations;
the system of gaming activities; the public
expenditure system and the budget, including
public procurement and the system of accountancy,
auditing and financial operation, as well
as joint tasks of the country's administrative
bodies and governmental services in conducting
financial and accountancy services.
Programme Priorities
The finance ministry’s economic objectives
are to cut inflation while maintaining solid
economic growth and low unemployment, and
to meet the other convergence criteria for
Slovenia’s entry into the euro zone in 2007.
Within this framework the ministry will
endeavour to reduce fiscal expenditure as
a proportion of GDP and to improve its structure.
Thorough tax reform will be necessary for
the structural adjustment of fiscal revenues.
The goal of the reform is to modernise the
tax system and within this framework to
distribute the tax burden more fairly and
more evenly, to expand the tax basis, to
simplify the tax system and the administrative
procedures, and to adapt to the acquis communautaire.
In the financial area the ministry will
work for a financial system compar able
to those in the European Union. In the process
of restructuring the financial sector the
finance ministry’s priorities include completing
the ownership transformation of insurance
agencies and authorised investment funds.
The objective is also to establish universal
financial institutions to raise competitiveness
on the domestic financial market and to
make them accessible throughout Slovenia.
The ministry will also place particular
emphasis on developing financial instruments
and eliminating key causes of financial
indiscipline.
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