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The Medium-Term Fiscal Framework in Sweden

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  • Gösta Ljungman

Abstract

Since 1997, a medium-term fiscal framework has been applied to virtually all aspects of budget preparation in Sweden. The longer three-year horizon has enabled better fiscal discipline through the use of fiscal targets and advanced forecasting models. Particular attention is placed on ensuring the consistency and quality of forecasts. In addition, forecasting of revenues and expenditures is an exercise that involves all levels of the central government administration five or six times a year. Thus the preconditions for well-informed and rational decisions on government policies have been drastically enhanced in Sweden.

Suggested Citation

  • Gösta Ljungman, 2007. "The Medium-Term Fiscal Framework in Sweden," OECD Journal on Budgeting, OECD Publishing, vol. 6(3), pages 1-17.
    • Handle: RePEc:oec:govkaa:5l4w3887xdzv
    DOI: 10.1787/budget-v6-art16-en
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    Cited by:

    1. Gösta Ljungman, 2008. "Expenditure Ceilings—A Survey," IMF Working Papers 2008/282, International Monetary Fund.
    2. Bernard Steunenberg, 2021. "The politics within institutions for regulating public spending: conditional compliance within multi-year budgets," Constitutional Political Economy, Springer, vol. 32(1), pages 31-51, March.
    3. Nick Manning, 2010. "Improving Performance : Foundations of Systemic Performance," World Bank Publications - Reports 10508, The World Bank Group.
    4. Haffert, Lukas & Mehrtens, Philip, 2013. "From austerity to expansion? Consolidation, budget surpluses, and the decline of fiscal capacity," MPIfG Discussion Paper 13/16, Max Planck Institute for the Study of Societies.
    5. Deebii Nwiado & Leelee N. Deekor, 2020. "Medium Term Expenditure Framework (MTEF): A Panacea for Public Expenditure Management (PEM) In Nigeria?," Business and Management Studies, Redfame publishing, vol. 6(4), pages 1-13, December.

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