The National Assembly will hold a session on Friday to proclaim constitutional changes introducing the golden fiscal rule and changing referendum legislation. The changes were passed last week.
The changes introducing the golden fiscal rule are changing Article 148 of the Constitution. The rule will step into force in 2015, meaning that Slovenia’s revenue will have to be either balanced with or in surplus.
Exemptions from the rule will only be allowed in extraordinary circumstances. Extraordinary circumstances will be defined in the implementation law, which will have to be passed in parliament with a two-thirds majority.