VI. Public Finance
Article 146. Financing of the State and Local Communities
The state and local communities raise funds for the performance of their duties by means of taxes and other compulsory charges as well as from revenues from their own assets.
The state and local communities disclose the value of their assets by means of balance sheets.
Article 147. Taxes
The state imposes taxes, customs duties and other charges by law. Local communities impose taxes and other charges under conditions provided by the Constitution and law.
Article 148. Budgets
All revenues and expenditures for the financing of public spending must be included in the budgets of the state.
Revenues and expenditures of the budgets of the state must be balanced in the medium-term without borrowing, or revenues must exceed expenditures. Temporary deviation from this principle is only allowed when exceptional circumstances affect the state.
The manner and the time frame of the implementation of the principle referred to in the preceding paragraph, the criteria for determining exceptional circumstances, and the course of action when they arise, shall be determined by a law adopted by the National Assembly by a two-thirds majority vote of all deputies.
If a budget has not been adopted by the first day it is due to be implemented, the beneficiaries financed by the budget are temporarily financed in accordance with the previous budget.
Article 149. State Borrowings
State borrowings and guarantees by the state for loans are only permitted on the basis of law.
Article 150. Court of Audit
The Court of Audit is the highest body for supervising state accounts, the state budget and all public spending.
The organisation and powers of the Court of Audit are provided by law.
The Court of Audit is independent in the performance of its duties and bound by the Constitution and laws.
Article 151. Appointment of Members to the Court of Audit
Members of the Court of Audit are appointed by the National Assembly.
Article 152. Central Bank
Slovenia has a central bank. In its functioning the bank is independent and directly accountable to the National Assembly. The central bank is established by law.
The governor of the central bank is appointed by the National Assembly.
