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Sweden [electronic resource] : Selected Issues.

By: International Monetary Fund.
Material type: materialTypeLabelBookSeries: IMF Staff Country Reports; Country Report: No. 05/344Publisher: Washington, D.C. : International Monetary Fund, 2005Description: 1 online resource (59 p.).ISBN: 1451948700 :.ISSN: 1934-7685.Subject(s): Budget | Debt | Expenditure Ceilings | Local Government | Local Governments | SwedenAdditional physical formats: Print Version:: Sweden : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues paper for Sweden reports that the gradual introduction of a detailed fiscal framework accompanied the successful consolidation effort over the last decade in Sweden. The framework includes a surplus target of 2 percent of GDP for the general government, multiyear expenditure ceilings for central government, and a balanced budget requirement for local governments. Reliance on the expertise of an independent agency for the implementation of the fiscal framework could further enhance transparency and strengthen enforcement.
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This Selected Issues paper for Sweden reports that the gradual introduction of a detailed fiscal framework accompanied the successful consolidation effort over the last decade in Sweden. The framework includes a surplus target of 2 percent of GDP for the general government, multiyear expenditure ceilings for central government, and a balanced budget requirement for local governments. Reliance on the expertise of an independent agency for the implementation of the fiscal framework could further enhance transparency and strengthen enforcement.

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