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Financial Management System, Legislation and Stakeholders

  • Nils Soguel
Chapter
Part of the Governance and Public Management book series (GPM)

Abstract

This chapter discusses how financial management at the various Swiss government levels is governed by legislation and organized in practice. It presents the legal framework, the main institutional settings and the actors involved. Within the Swiss federalist system, the cantons exercise considerable autonomy in financial management; each canton has designed its own way to manage its public finances. The ‘standard’ financial management both at the federal and at the cantonal level is summarized here. Checks and balances in the system have led—particularly in the last two decades—to sound public budgets with relatively low debt levels. Two specifically Swiss institutions meant to ensure the government’s fiscal sustainability are presented: the fiscal rules and the financial referendum.

Keywords

Financial management Fiscal rules Financial referendum Financial process Budget 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.IDHEAPUniversity of LausanneLausanneSwitzerland

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