Jana Poljak Zagreb, 22 May 2012

1. Preparation of National Reform Programmes in view of Europe 2020 Strategy and enhanced macroeconomic surveillance Slovenian experience Jana PoljakZagreb, 22 May 2012

2. Beginnings of common policy coordination • Treaty of Maastricht. White paper on Growth, Competitiveness and Employment – first attempt on common European structural policy coordination; • Employment Guidelines – National action Plans, Joint employment Report, Specific Recommendations; • Lisbon Strategy – IntegratedGuidelines, common goals for the decade, open method of coordination, country specific recommendations, national reform programmes; • Europe 2020 – European semester, reinforced coordination, combined budgetary and structural policy planning, national targets, national reform programmes and stability programmes prepared together, additional instrument for preventive surveillance of the economic and fiscal policies of its member states. Greater transparency and a higher concentration of information going forward give reason to hope that the peripheral states will have a better chance of demonstrating their vigor in consolidating their finances => fiscal pact.

3. Europe 2020 3 interlinked priorities: 1.) Smart growth: developing an economy based on knowledge and innovation 2.) Sustainable growth: promoting a more efficient, greener and more competitive economy 3.) Inclusive growth: fostering a high-employment economy delivering social and territorial cohesion • 5 headline targets: • 75 % employment rate (% of population aged 20-64 years) • 3% investment in R&D (% of EU’s GDP) • “20/20/20” climate/energy targets met • Less than 10% school drop-out rates and at least 40% of the population aged 30-34 having completed tertiary or equivalent education; • Lifting at least 20 million people out of the risk of poverty and - exclusion 3

4. EU tools in support of Europe 2020 EU monitoring and guidance Annual Growth Survey Annual policy guidance Macro, thematic and fiscal surveillance EU flagship initiatives Digital Agenda Youthon the Move Innovation Union New IndustrialPolicy New Skillsand Jobs Platform againstPoverty Resource Efficiency EU levers for growth and jobs EU financial support Single market relaunch Trade and external policies

5. Reinforced Governance Europe 2020 five headline targets Stability and Growth Pact Europe 2020 Integrated Guidelines (IG) Macro-economic surveillance Thematic surveillance Fiscal surveillance National Reform Programmes Stability and Convergence Programmes National level Commission’s Annual Growth Survey EU annual policy guidance and recommendations EU flagship initiatives and levers EU level

6. February January March April May June July European economic semester Annual Growth Survey Policy guidance including possible recommendations European Commission Autumn: Peer review at EU level Debate & orientations Finalisation & adoption of guidance Council of Ministers Debate & orientations European Parliament European Council Annual economic & social summit Endorsement of guidance Autumn: Decisions at national level Member States Submission of National Reform Programmes (NRPs) & Stability and Convergence Programmes (SCPs)

8. National policy coordination – Slovenia

9. NRP 2011 evaluation

10. Reform Implementation Evaluation

11. Guidelines for National Reform Programmes TRANSPARENCY GENERAL RULES NRP should: • Reflect the general guidance identified annually in the Annual Growth Survey • Report on measures implemented and planned to address Country-Specific Recommendations • Report on measures implemented and planned to achieve the national targets contributing to EU headline targets • Report on measures to fulfill the Euro Plus Pact commitments • Include a macroeconomic scenario in line with that in the SCPs For the planed measures: • it should be specified how they will be implemented, by when, by whom and with what budgetary consequences • they should be concrete enough to allow the Commission to asses their expected impact, • they should be prioritised (frontloading) COMPARABILITY INVOLVEMENT OF CONCERNED PARTIES EMPHASIS ON IMPLEMENTATION ANNUAL UPDATE EUROPEAN SEMESTER - DEADLINE

12. Slovenia‘s strategic documents Slovenia's Development Strategy 2014-2020 Slovenian Exit Strategy (until 2013) and necessary structural changes Stability and Growth Pact EU 2020 2011 Programme of Development Priorities and Investments National Reform Programme Stability Programme State and municipial budgets, Funds of Health Insurance Institute and Pension and Disability Insurance Institute Report on the Efficiency of Development Policies Competitiveness Report Forecast of Economic Trends Development Report Expected changes in 2012

13. Preparation Process Sent to theEuropean Commission NRP

14. Content NRP 2012-2013 • Macroeconomic measures for fiscal stability 2. Agenda of reforms and measures Smart growth: education, R&D, ICT, industry, administrative burdens Inclusive growth; employment, social protection Sustainable growth: transport, environment, agriculture 3. Simulation of effects of specific measures using the DSGEmodel 4. Public debate Annex 1: Standard table for the assessment of CSRs and macro-structural reform in the NRPs Annex 2: Report on measures to meet EU 2020 targets and other commitments

15. Thank you! Jana.poljak@mf-rs.si Ana.jevsek-pezdir@mf-rs.si