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PUBLIC FINANCES

General government budgetary accounts are consolidated revenues and expenditures of the so-called four public finance budgets (the state budget, Pension and Disability Insurance Institute of Slovenia, Health Insurance Institute of Slovenia and the budgets of municipalities), which do not cover the entire public sector or general government sector in terms of institutional classification. General government sector according to the Public Finance Act (hereinafter PFA) consists of direct and indirect budget users at the central and local (municipal) level. The public sector in addition to the general government sector also includes public service agencies, public companies and other legal entities in which the state or municipality have decisive influence over the public finance management. The concept of the public sector by the PFA is therefore broader than that of the general government sector.

 

Fiscal policy covers the operations relating to public finance management. The balancing of the public finance (on revenue and expenditure) shall be defined and monitored by the Ministry of Finance during the constant monitoring of the state budget realization (which represents only part of the general government sector) and current developments of the remaining public budgets (pension and health funds and municipal budgets). The Ministry also participates in the preparation of budgetary accounts for the entire government sector (including public funds and agencies, public institutions and certain corporates) according to EU accounting framework - ESA 2010. With amended Slovenian Constitution (Article 148) Slovenia has implemented the Fiscal Rule Act, which contains the basic principles of public finance management on the level of an entire general government sector.

 

In the next section: "General government sector" are presented the fundamental institutional units, which are in accordance with the institutional classification included in the general government sector.

General government budgetary accounts are consolidated revenues and expenditures of the so-called four public finance budgets (the state budget, Pension and Disability Insurance Institute of Slovenia, Health Insurance Institute of Slovenia and the budgets of municipalities), which do not cover the entire public sector or general government sector in terms of institutional classification. General government sector according to the Public Finance Act (hereinafter PFA) consists of direct and indirect budget users at the central and local (municipal) level. The public sector in addition to the general government sector also includes public service agencies, public companies and other legal entities in which the state or municipality have decisive influence over the public finance management. The concept of the public sector by the PFA is therefore broader than that of the general government sector.

 

Fiscal policy covers the operations relating to public finance management. The balancing of the public finance (on revenue and expenditure) shall be defined and monitored by the Ministry of Finance during the constant monitoring of the state budget realization (which represents only part of the general government sector) and current developments of the remaining public budgets (pension and health funds and municipal budgets). The Ministry also participates in the preparation of budgetary accounts for the entire government sector (including public funds and agencies, public institutions and certain corporates) according to EU accounting framework - ESA 2010. With amended Slovenian Constitution (Article 148) Slovenia has implemented the Fiscal Rule Act, which contains the basic principles of public finance management on the level of an entire general government sector.

 

In the next section: "General government sector" are presented the fundamental institutional units, which are in accordance with the institutional classification included in the general government sector.