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CONSOLIDATED GENERAL GOVERNMENT BUDGETARY ACCOUNTS

 

Consolidated general government budgetary accounts of public financing covers accounts of four public finance budgets as a whole (i.e. the state budget account, the aggregated accounts of municipal budgets and both social insurance funds - Pension and Disability Insurance Institute and the Health Insurance Institute); but it also includes general government expenditures of public funds, agencies, public institutions and other institutional units that are financed from public sources, but do not include those part financed from the revenues of these units generated in the market. Consolidation of the general government budgetary accounts means that all flows from one public finance budget into another are mutually offset - to avoid double capturing and artificially raising the volume of public revenues and expenditures.

 

Consolidated general government accounts 2009-2016

Consolidated general government 1992-2018

 

The public finance system in Slovenia is based on methodology of the International Monetary Fund (IMF) – the so-called methodology for monitoring the government financial statistics (Government Finance Statistics, GFS), based on the economic classification of general government flows. Public finance budgets keep accounting in accordance with the Public Finance Act and Accounting act on a cash basis. In a given fiscal year are included all revenues and expenditures that have been paid during the period from 1.1. to 31.12. of the current year. Consolidated accounts of public financing through the national government methodology is based on itemized accounting categories which are carried out in the statutory accounts: the joint accounts of revenues and expenditures, the financial assets and liabilities account, the financing account and budgetary account.