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

International Monetary Fund

No 2009/201, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; cash flow; General government report; government regulation; corporation sector; forecasting record; government Finance Statistics Manual; government unit; line item; policy decision making; annual budget; fiscal policy; internal audit; budget year; central government; final accounts; Budget planning and preparation; Financial statements; Auditing; Fiscal accounting and reporting; Global (search for similar items in EconPapers)
Pages: 54
Date: 2009-07-07
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