council opinion februari updat converg programm slovakia council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin updat converg programm slovakia cover period programm compli data requir quot code conduct content format stabil converg programm quot macroeconom scenario underli programm envisag averag real gdp growth rate expect slowdown due fall extern contribut acceler extern contribut expect rebound basi inform scenario reflect plausibl growth assumpt programm project inflat low side plausibl round effect high headlin inflat strictli contain juli council decid excess deficit exist slovakia recommend correct programm updat aim reduc deficit gdp refer line council recommend articl exclud contribut fund pension scheme estim gdp reduct headlin primari gener govern deficit back load envisag stai basic constant gdp plan adjust percentag point postpon net impact result introduct fund pension pillar deficit reduct take place year compar programm adjust expenditur base updat plan correct deficit expenditur retrench revenu increas spite favour macroeconom scenario updat broadli confirm plan adjust path previou programm ambiti notwithstand consider past consolid achiev pension reform impact acceler deficit reduct implement slovakia euro adopt strategi enhanc fiscal credibl erm context foster counter cyclic assist stem appreci pressur pave structur budgetari posit close balanc surplu attain suffici safeti margin breach gdp treati refer deficit criterion normal macroeconom fluctuat risk budgetari project programm broadli balanc programm horizon basi macroeconom assumpt upsid risk revenu side consid period balanc uncertainti exist respect impact pension reform eu fund payment lower budget absorpt capac develop exce budget amount suffici catch implement postpon spend take place final parliamentari elect schedul lead uncertainti extent expenditur retrench implement fall short exce current target view risk assess budgetari stanc programm suffici reduc deficit gdp end year programm provid safeti margin debt ratio estim reach gdp gdp treati refer programm project debt ratio increas percentag point programm period slovakia appear favour posit regard long term sustain public financ adopt structur reform pension health area full implement measur kei condit addit achiev plan budgetari consolid path programm period econom polici outlin updat broadli consist countri specif broad econom polici guidelin area public financ slovakia track correct excess deficit deadlin set council view assess light recommend made council articl council opinion slovakia seiz opportun acceler deficit reduct includ expect revenu save expenditur side ii make medium term expenditur ceil bind iii vigil round effect high inflat affect inflat converg path envisag programm real gdp chang cp nov oct cp hicp inflat cp nov oct cp gener govern balanc gdp cp nov oct cp primari balanc gdp cp nov oct cp govern gross debt gdp cp nov oct cp oj