The Medium-Term Fiscal Framework in Sweden
The Medium-Term Fiscal Framework in Sweden:

Since 1997, a medium-term fiscal framework has been applied to virtually all aspects of budget preparation in Sweden. The longer three-year horizon has enabled better fiscal discipline through the use of fiscal targets and advanced forecasting models. Particular attention is placed on ensuring the c...

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Bibliographic Details
Main Author: Ljungman, Gösta (Author)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2007
Subjects:
Governance
Sweden
Online Access:DE-384
DE-473
DE-824
DE-29
DE-739
DE-355
DE-20
DE-1028
DE-1049
DE-521
DE-861
DE-898
DE-92
DE-91
DE-573
DE-19
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Summary:Since 1997, a medium-term fiscal framework has been applied to virtually all aspects of budget preparation in Sweden. The longer three-year horizon has enabled better fiscal discipline through the use of fiscal targets and advanced forecasting models. Particular attention is placed on ensuring the consistency and quality of forecasts. In addition, forecasting of revenues and expenditures is an exercise that involves all levels of the central government administration five or six times a year. Thus the preconditions for well-informed and rational decisions on government policies have been drastically enhanced in Sweden
Physical Description:1 Online-Ressource (19 Seiten)
DOI:10.1787/budget-v6-art16-en

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