Audit externe sur la dette globale du Canton du Valais / External audit of the overall debt of the Swiss canton of Valais

Nils Soguel and Simon Iogna-Prat
Additional contact information
Simon Iogna-Prat: IDHEAP

Public Economics from University Library of Munich, Germany

Abstract: The motion passed in 2002 in the parliament of the Swiss canton of Valais by the MP Yves Bagnoud requires that the government has the overall debt of the State externally audited. The aim of this study is to provide information to answer the motion. To do so, the study is organised as follows. The initial part briefly describes the structure of the balance sheet of the canton of Valais, according to its main positions, assets and liabilities. It shows the evolution over a twenty- year period and compares it with the ones of the other Swiss cantons. It also raises the issue of estimating the current worth of the balance sheet items, as well as the solution provided by the International Public Sector Accounting Standards (IPSAS). The second part reviews the various concepts of debt. It makes the distinction between the national/cantonal debt and the public debt, between the gross and the net debt, between the debt in nominal terms and the one in real terms. These various notions are defined and estimated for the State of Valais, either from an historical point of view by presenting the results over the past twenty years, or from the point of view of the intercantonal comparison. The final part deals with the issue of the sustainability of the Valais’ public debt in order to determine if its level is excessive or not.

Keywords: Public dept; Definition; Estimation; Sustainability; Case Study (search for similar items in EconPapers)
JEL-codes: D6 D7 H (search for similar items in EconPapers)
Pages: 114 pages
Date: 2005-08-09
Note: Type of Document - pdf; pages: 114
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/0508/0508007.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwppe:0508007

Access Statistics for this paper

More papers in Public Economics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).