Switzerland: Selected Issues

May 21, 2001

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Format: Chicago

Switzerland: Selected Issues, (USA: International Monetary Fund, 2001) accessed December 21, 2024

Summary

In Switzerland, institutionalized expenditure restraints via budget rules have been in use for some time at the cantonal level and for various city budgets. Under the proposed rule for the federal government, spending limits are set by the government although the parliament is primarily allowed to make only compositional changes in expenditure. Level changes require a qualified majority in parliament. With these requirements, the Swiss government aims to shift the political debate away from spending ceilings toward a debate about long-term spending trends.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Debt ratio, Exchange rate, Expenditure rule, Inflation, Inflation expectation, Inflation process, Inflation response, Inflation variable, Interest rate, ISCR, Monetary policy, Output gap

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/075
Stock No:

1CHEEA0022001
ISBN:

9781451807233
ISSN:

1934-7685

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