The government adopted on Thursday a spring report of the Institute for Macroeconomic Analysis and Development (IMAD), which forecasts the country's inflation to stand at 2.5% and economic growth at 3.8% this year.
As the government institute establishes in its report, the EU entry last year did not have a major impact on Slovenia since a big part of the trade sector geared up for new competition before the entry.
As for the future, the report reiterates that the key goal of the macroeconomic policy is the adoption of the euro at the beginning of 2007, which calls for complying with the Maastricht criteria beforehand.
The top task is to curb inflation to meet the inflation criteria by the middle of 2006, which the fiscal policy should ensure by providing for a stable tolar exchange rate, according to the report.
This should be accompanied by other macroeconomic policies, including a restrictive policy in prices supervision and counter-cyclical adjustments to excise duties on liquid fuels.
In addition, the Bank of Slovenia should harmonise the level of country's interest rates with interest rates in the euro zone, the IMAD spring report states.
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