Sweden: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 231

Publication date: August 2003

ISBN: 9781451835953

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , ISCR , CR , expenditure ceiling , revenue boom , finance minister , government expenditure , borrowing authority , finance committee , government duration , Social Democratic government , fiscal policy , tax revenue , expenditure rule , government deficit , Budget planning and preparation , Fiscal rules , Fiscal governance

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Summary

This Selected Issues paper analyzes the strengths and weaknesses of the fiscal framework of Sweden, and discusses some guidelines for their modification. It describes the Swedish experience under the new fiscal framework, and documents the increasing expenditure profile during the economic boom. It describes the basic rationale for fiscal rules, different types of fiscal rules, and also provides suggestions for improving the framework.