Budgeting and Public Expenditures in OECD Countries 2019
This report provides a comprehensive view of practices and developments in the governance, implementation and performance of budgeting across OECD countries. It looks at recent practices such as the application of medium-term frameworks and the use of data and analytics to highlight the impacts of policies on concerns such as gender equality and the environment. Reflecting countries’ efforts to strengthen the insitutions supporting ficsal policy, the report also discusses trends in Parliamentary oversight, citizen participation, transparency, infrastructure governance and the management of fiscal risks.
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Budgetary Governance in Practice: Sweden
Prudent fiscal policy has helped turn a deficit into a surplus, and the surplus target will be met in 2018 (a net lending of 1% over a cycle, i.e structural balance). Combining fully financed proposals and automatic budget consolidation has led to strengthened public finances. In the Budget Bill for 2018 there was room for unfinanced discretionary fiscal policy and the Government proposed new policy measures that increase net lending by 0.9, 1.2 and 1.5% of GDP in 2018-20.
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