Sweden: Selected Issues
Volume/Issue:
Volume 2005
Issue 344
Publication date: September 2005
ISBN: 9781451948707
$20.00
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Topics covered in this book
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Business and Economics , Social Science , Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , central government , expenditure ceiling , government , labor supply , wage compression , tax expenditure , participation rate , child care , Labor supply , Fiscal governance , Women , Europe
Summary
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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