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Survey of the Budget Process in Slovenia

This survey examines the budget process in Slovenia, including government expenditures, revenues, deficits, and financial liabilities. It highlights strengths and areas for improvement in the budget execution, legislative process, service delivery, and accounting and audit procedures.

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Survey of the Budget Process in Slovenia

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  1. Survey of the Budget Process in Slovenia Dirk-Jan Kraan Budgeting and Public Expenditures Division Public Governance and Territorial Development Directorate OECD

  2. General government expenditures and revenues as % of GDP -- 1996-2005

  3. Real gross domestic growth as % of GDP in the previous year 2000-2005 Sources: EU 15: Economic Commission, Economic Forecasts, April 2004; Slovenia: Spring Report 2004, Institute of Macro-economic Analysis and Development (IMAD).

  4. General Government deficits 2000-2004 Source: Bulletin of Government Finance Year V, no.6 June 2004

  5. General government gross financial liabilities as % of GDP -- 1996-2003

  6. Special features of Slovenian budget process 1. Budgets for two consecutive years 2. Law on budget execution

  7. Conclusionsexecutivebudgetprocess • Effective top-down control based on two stage decision-making process • Anti-cyclical stance in expenditure policy does not provide automatic stabilisation • Detailed account structure provides firm grip on expenditures but requires reallocation • Multi-year estimates only at higher levels of aggregation • Excellent role of forecasting institute IMAD • No explicit prudence factor in revenu forecasts • Many off-budget funds • Many long term planning documents

  8. Conclusionslegislativebudgetprocess • Submission of executive budget in two stages complicates the process • Short timeframe for parliamentary scrutiny • Introduction of pre-budget statement may contribute to parliamentary oversight

  9. Conclusions Budget execution and service delivery • Detailed account structure necessitates reallocation Effective system of cash management through Single Treasury Account • Scope for further reform in the structure of service delivery • Transparancy of procurement regulation may be improved • Reform of civil service has been succesful but further steps are important • Transparancy of personnel information system may be improved.

  10. Conclusions Accounting and Audit Procedures • Substantial improvements in quality and timeliness of accounting; a next step may be the submission of financial statements to Parliament within six months after conclusion of the budget year • Impressive evolution of the Court of Accounts towards an Auditor-General type of Supreme Audit Institution based on a modern legal framework and sound procedures • The use of audit findings for parliamentary scrutiny has thus far been suboptimal

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