Plan of activities

PLAN OF ACTIVITIES OF THE CZECH FISCAL COUNCIL FOR 2020

Task  Term
Presentation of an evaluation report on the financial management of the envelope and concept of the draft report accompanying the final account of the envelope to the competent department of the Ministry of Finance of the Czech Republic (MF CR) and the Supreme Audit Office. (In line with MF CR Regulation No. 419/2001 Coll., on the scope, structure, and deadlines for the submission of data for drawing up a draft state closing account…, as amended)By 20 February 2020
The Council approves the draft closing account of the state budget envelope.   Subsequently presents draft to the MF CR, SAO, and Czech Statistical Office. (In line with Section 23(4) of Act No. 23/2017 Coll., on rules for budgetary responsibility (hereinafter referred to as the “Act”)) By 13 March 2020
Submission of Annual Report in line with the Accounting Act and Report on budget adherence, within 3 months of the end of a calendar year, to the Ministry and Budget Committee of the Chamber of Deputies of the Parliament of the Czech Republic.  Publication of the Annual Report on the Council’s website. (In line with Section 33(3) of the Act) By 31 March 2020
Audit of the financial statement of the Office of the Czech Fiscal Council. (In line with Section 33(4) of the Act) By 10 March 2020
The Council approves the draft budget of the Office, including its changes, medium-term budget outlook for the next two budget years. (In line with Section 23(4) of the Act) By 30 April 2020
The Council presents a draft budget and medium-term outlook of the Office of the Council’s budget for the next two years to the MF CR and the Budget Committee of the Chamber of Deputies of the Parliament of the Czech Republic. (In line with Section 33(2) of the Act) In line with the schedule of Budget Committee of the Chamber of Deputies of the Parliament of the CR, by 30 April 2020
Evaluation of the impact of one-off and transitional transactions on the public institution sector income and expenses – Council will issue an opinion with respect to the impact of the operations without undue delay, which the MF CR will publish. (In line with Section 10(2) of the Act) Depending on the date of the submission of the relevant material of the Czech MInistry of Finance, preliminary date 24 April 2020
Opinion of the Council with respect to the inclusion of expenses in the remedial component: the inclusion of these expenses and the determination of their extent is possible only once the Council’s consenting opinion is received.  The MF CR will publish the Council’s opinion.  Opinions and reports concerning the remedial component.  The Council will also publish its opinions and reports with respect to the remedial component on its website without undue delay. (In line with Section 11(4) and Section 21(2)(e) of the Act) Depending on the date of the submission of the relevant material of the Czech Ministry of Finance, preliminary date 24 April 2020
The Council will issue without undue delay an opinion concerning the determination of the expense framework of the state budget and state funds, which the MF CR will publish.  If the MF CR disagrees with the Council’s opinion, it will publish reasons for its disagreement. (In line with Section 12(5) of the Act) Depending on the date of the submission of the relevant material of the Czech Ministry of Finance, preliminary date 24 April 2020
The Council will ascertain the amount of debt and announce it in the same manner in which acts are announced, within one month of the date of the first publication of the public institution sector debt amount for the previous calendar year by the CSO. (In line with Section 21(2)(b) of the Act) 30 April 2020
With a view to economic and social development, employment, and intra-generational cohesion, the Council  will draw up and present to the Chamber of Deputies a report on the long-term sustainability of public finance, which will include an evaluation of how planned government policies can, through their direct long-term impact, likely influence the sustainability of public finances. (In line with Section 21(2)(d) of the Act) By 30 June 2020
The Council evaluates achievement of fiscal rule figures, which include, but are not limited to the rule of a debt amount limit, setting of total expenditures of the public institution sector pursuant to Section 10 of the Act, derivation of the expense framework of the state budget and state funds pursuant to Section 12 of the Act, and financial management of a regional self-governing unit; drafting and submission of a report on their fulfilment to the Chamber of Deputies of the Parliament of the Czech Republic. (In line with Section 21(2)(a) of the Act) By 30 September 2020
The Council monitors the development of financial management of the public institutions sector. (In line with Section 21(2)(c) of the Act) Regularly
The Council will draft and publish a plan of its activities, on its website. (In line with Section 23(3) of the Act) 31 December 2020
Regular contribution to the European Fiscal Monitor, for the Czech Republic Twice per year, dates based on the Network of EU IFIs
Publication of regular opinions of the CFC 4 March 2020 3 June 2020 2 September 2020 2 December 2020
Attending conferences and workshops organised by the Network of EU Independent Fiscal Institutions, European Fiscal Council, OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions (PBO-IFIs) Dates based on information from the institutions concerned 
Thematic documents, magazine articles, occasional lectures and presentations  Dates will be specified throughout the year