Slovenia is an important case in the study of comparative budgeting in postsocialist countries, making the transition to democracy and market economy. Slovenia has had less volatility in its budget process than many of its Central and Eastern European neighbours. Since independence, because of the fiscal discipline normally displayed by the various governments, Slovenia has had fewer demands imposed by external organizations such as the World Bankand IMF. However, Slovenia still faces a range of difficult budget issues and choices including privatisation, pension reform and policies dealing with inflation and unemployment. The process of seeking EU membership has had a salutary effect on budgeting in terms of reform and should actually continue to be in the Slovenian national interest.
|
