Decision 2016/1023 - Abrogation of Decision 2010/289/EU on the existence of an excessive deficit in Slovenia - Main contents

EN

Official Journal of the European Union

L 166/17

On 2 December 2009, by Council Decision 2010/289/EU (1) on the basis of a recommendation from the Commission, the Council decided, in accordance with Article 126(6) of the Treaty on the Functioning of the European Union (TFEU), that an excessive deficit existed in Slovenia. The Council noted that the general government deficit planned for 2009 was 5,9 % thus above the Treaty reference value of 3 % of GDP. The general government gross debt was planned to reach 34,2 % of GDP in 2009, thus below the Treaty reference value of 60 % of GDP.

On 2 December 2009, in accordance with Article 126(7) TFEU and Article 3(4) of Council Regulation (EC) No 1467/97 (2), the Council, on the basis of a recommendation from the Commission, addressed a recommendation to Slovenia with a view to bringing the excessive deficit situation to an end by 2013. That Council recommendation was made public.

On 21 June 2013, the Council concluded that Slovenia had taken effective action in compliance with the Council Recommendation of 2 December 2009 under Article 126(7) TFEU but that unexpected adverse economic events with major unfavourable consequences for public finances had occurred after the adoption of that Recommendation. Therefore, the Council, on the basis of a recommendation from the Commission, considered that the conditions provided for in Article 3(5) of Regulation (EC) No 1467/97 had been fulfilled and adopted a new recommendation addressed to Slovenia under Article 126(7) TFEU, with a view to bringing the excessive deficit situation to an end by 2015. That new Council recommendation was made public.

On 5 March 2014, in accordance with Article 11(2) of Regulation (EU) No 473/2013 of the European Parliament and of the Council (3), 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, in particular by meeting the fiscal effort recommended by the Council.

In accordance with Article 4 of Protocol (No 12) on the excessive deficit procedure annexed to the Treaty on European Union and to the TFEU, the Commission provides the data for the implementation of the procedure. As part of the application of that Protocol, Member States are to notify data on government deficits and debt and other associated variables twice a year, namely before 1 April and before 1 October, in accordance with Article 3 of Council Regulation (EC) No 479/2009 (4).

The Council is to take a decision to abrogate a decision on the existence of an excessive deficit on the basis of notified data. Moreover, a decision on the existence of an excessive deficit is to be abrogated only if the Commission's forecasts indicate that the deficit will not exceed the Treaty reference value of 3 % of GDP over the forecast horizon (5).

Based on data provided by the Commission (Eurostat) in accordance with Article 14 of Regulation (EC) No 479/2009, following the notification by Slovenia in April 2016, the 2016 Stability Programme and the Commission's 2016 spring forecast, the following conclusions are justified.