Switzerland: Report on Observance of Standards and Codes: Fiscal Transparency Module

July 7, 2009

Preview Citation

Format: Chicago

Switzerland: Report on Observance of Standards and Codes: Fiscal Transparency Module, (USA: International Monetary Fund, 2009) accessed December 24, 2024

Summary

This paper focuses on the observance of standards and codes on fiscal transparency for Switzerland. The assessment reveals that the fiscal role of the executive and legislative branches of government, and the legal framework for the management of federal public finances, are clearly defined. The federal budget process is governed by a precise legal framework. A coherent medium-term fiscal framework provides a clear context for budget decisions. The accuracy of macroeconomic forecasts compares favorably with private sector counterparts. There are some areas, however, where further measures could be considered.

Subject: Auditing, Budget planning and preparation, Expenditure, Financial statements, Fiscal accounting and reporting, Public financial management (PFM)

Keywords: Annual budget, Auditing, Budget planning and preparation, Budget year, Cash flow, Central government, Corporation sector, CR, Final accounts, Financial statements, Fiscal accounting and reporting, Fiscal policy, Forecasting record, General government report, Global, Government Finance Statistics Manual, Government regulation, Government unit, Internal audit, ISCR, Line item, Policy decision making

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/201
Stock No:

1CHEEA2009002
ISBN:

9781451807424
ISSN:

1934-7685

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