Switzerland: Selected Issues

International Monetary Fund

No 2001/075, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; interest rate; monetary policy; exchange rate; expenditure rule; inflation expectation; output gap; inflation process; inflation response; debt ratio; inflation variable; Inflation; Budget planning and preparation (search for similar items in EconPapers)
Pages: 63
Date: 2001-05-21
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