Recommendation for a Council Decision abrogating Decision 2010/289/EU on the existence of an excessive deficit in Slovenia

Author (Corporate)
Series Title
Series Details (2016) 296 final (18.5.16)
Publication Date 18/05/2016
Content Type ,

On 2 December 2009, following a recommendation from the Commission, the Council decided, by Decision 2010/289/EU, that an excessive deficit existed in Slovenia. On the same date the Council, based on a recommendation from the Commission, addressed a recommendation to Slovenia with a view to bringing the excessive deficit situation to an end by 2013 at the latest.

On 21 June 2013, the Council considered that Slovenia had taken effective action in compliance with the Council Recommendation of 2 December 2009, but that unexpected adverse economic events with major unfavourable consequences for government finances had occurred after the adoption of the original recommendation. Therefore, the Council issued a new recommendation to Slovenia with a view to bringing the excessive deficit situation to an end by 2015.

On 5 March 2014, in view of the risks to the achievement of a durable correction of the excessive deficit by 2015, the Commission addressed a recommendation to Slovenia, with a view to taking the necessary action to ensure full compliance with the Council recommendation of 21 June 2013, notably by meeting the fiscal effort recommended by the Council.

In the view of the Council, based on data provided by the Commission (Eurostat) following the April 2016 notification by Slovenia, the 2016 Stability Programme and the Commission 2016 spring forecast, the excessive deficit in Slovenia has been corrected and Decision 2010/289/EU should therefore be abrogated.

Source Link Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:296:FIN
Countries / Regions