council opinion februari updat converg programm slovenia 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 slovenia cover period transit recess earli nineti sloven economi fulli restor robust gdp growth averag decad end inflationari pressur curb consum price growth approach eu averag gener govern balanc slip stai neg deficit averag gdp esa basi period opinion march previou updat converg programm cover period council invit slovenia seiz opportun acceler reduct gener govern deficit ii undertak measur improv long term sustain public financ includ reform pension health care system budgetari implement gener govern deficit estim gdp commiss servic autumn forecast target gdp set previou updat converg programm preliminari outcom expect result revenu collect net gdp lower gener govern expenditur updat programm broadli model structur data provis requir stabil converg programm code conduct macroeconom scenario underli programm envisag real gdp grow steadili assess inform scenario appear base plausibl growth assumpt cyclic condit improv gradual neg output gap estim stood gdp forecast close end period programm project inflat realist programm list comprehens set socio econom reform aim enhanc competit sloven industri modal implement determin project consist follow polici chang approach updat programm aim creat condit success emu integr catch averag eu incom level budgetari strategi gear keep gener govern deficit gdp target achiev medium term object mto budgetari posit meant stabil growth pact programm announc tax reform measur lead drop share revenu percentag gdp measur expenditur side result declin expenditur ratio gdp programm envisag back load consolid path begin programm period gener govern deficit expect linger gdp slowli decreas gdp compar previou programm updat postpon target achiev deficit gdp year modifi fiscal polici orient broadli unchang macroeconom scenario programm period structur balanc cyclic adjust balanc net temporari measur calcul commonli agre methodolog plan improv gdp programm set medium term object mto budgetari posit structur deficit gdp aim achiev posit programm mto demand minimum benchmark estim deficit gdp achiev fulfil aim provid safeti margin occurr excess deficit programm mto li rang euro area erm ii member state stabil growth pact code conduct reflect debt ratio averag potenti output growth long term risk budgetari project programm broadli balanc hand slovenia establish track record project budgetari outcom recent year support effect budgetari mechan gener govern expenditur respons unexpect revenu shortfal assumpt growth turn project structur reform implement time rigor implement polici reduc govern spend order offset revenu loss due tax reform recent decis modifi index pension creat risk realis target high share mandatori expenditur root rigid regulatori framework await polit consensu restructur flexibl view risk assess budgetari stanc programm provid suffici safeti margin breach gdp deficit threshold normal macroeconom fluctuat programm period suffici ensur programm mto reach plan structur deficit close mto pace adjust programm mto impli programm slower annual improv structur balanc gdp benchmark higher good econom time stabil growth pact moder adjust brought budget line mto gross public debt estim reach gdp gdp treati refer programm project slight increas debt ratio year peak debt forecast fall gdp regard sustain public financ slovenia appear high risk ground project budgetari cost ag popul low debt ratio contribut limit budgetari impact ag slovenia face larg increas govern expenditur pension reform significantli allevi futur increas expenditur effect partli offset modif index rule pension scheme recognis programm prove point futur increas govern expenditur reduc risk long term sustain measur reliev pressur ag relat expenditur long term sustain public financ undermin care plan time adopt measur kei regard envisag measur area public financ broadli consist broad econom polici guidelin includ integr guidelin period long term sustain public financ explicitli identifi polici prioriti measur remain vagu assess feasibl strategi longer term nation reform programm slovenia submit octob context renew lisbon strategi growth job identifi adopt euro kei prioriti gear creat condit success emu integr includ improv qualiti public financ updat converg programm bear close link nrp comprehens list polici measur number measur remain larg unspecifi budgetari implic action outlin nation reform programm includ budgetari project converg programm view assess council note programm aim inflat close eu averag project gradual fiscal adjust path council invit slovenia make rapid progress achiev programm mto implement measur underli plan reduct expenditur ratio frontload adjust effort ii undertak measur improv long term sustain public financ relat pension system comparison kei macroeconom budgetari project note sourc converg programm cp commiss servic autumn econom forecast commiss servic calcul real gdp chang cp dec nov cp jan hicp inflat cp dec nov cp jan output gap potenti gdp cp dec nov cp jan gener govern balanc gdp cp dec nov cp jan primari balanc gdp cp dec nov cp jan cyclic adjust balanc gdp cp dec nov cp jan structur balanc gdp cp dec nov cp jan govern gross debt gdp cp dec nov cp jan oj regul amend regul ec oj document refer text found websit http europa eu int comm economi financ activ sgp main en htm programm gap compulsori option data prescrib code conduct compulsori data labour product growth miss option data labour market develop sector balanc gener govern debt develop tabl gener govern expenditur function includ detail long term sustain provid technic assess programm commiss servic http europa eu int comm economi financ activ sgp main en htm commiss servic calcul basi inform programm cyclic adjust balanc previou row exclud temporari measur temporari measur programm temporari measur commiss servic forecast base estim potenti growth period