Budget Law (2011:203)

Original Language Title: Budgetlag (2011:203)

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Read the untranslated law here: http://rkrattsbaser.gov.se/sfst?bet=2011:203

Chapter 1. Introductory provisions



The scope of the law



section 1 of the regulations on the State budget is available in Chapter 9. 1 – 10 of

the Constitution Act. In this Act there are additional provisions for

budget.



State activities



2 § With State activities referred to in this law such activities

managed by the Government, the courts and the

administrative authorities are subject to the Government.



Efficiency and economy



section 3 of the State activities to high efficiency sought and

good management is respected.



Chapter 2. Budget policy objectives and guidelines



The target for General Government net lending



§ 1 the Government will submit to the Parliament proposals to target for

General Government net lending (surplus target).



1 a section Of the Parliament have decided on such a surplus target

referred to in paragraph 1, the Government on at least two occasions

during the year of account for how the goal is achieved.

The Government should take into account the effects of decided and

Parliament presented the budget policies.



The Government to at an estimated deviation from target

describe how a return to goal.

Law (2014:866).



Expenditure ceilings as well as preliminary estimates of income and expenditure



section 2 of the Government in the budget proposals for ceilings

for government spending (spending limits) to be used in

the preparation of the draft State budget and in

implementation of the budgeted activities.



The proposal to refer to the third supplementary budget year.



section 3 of the budget bill, the Government will submit proposals to the

preliminary estimates of income and expenditure for the second

and the third subsequent financial year. Law (2014:866).



section 4, there is a risk that a decided expenditure ceilings will

be exceeded, should the Government in order to avoid this taking such

measures which it has the power to, or suggest the Riksdag

necessary measures.



Evaluation



section 5 of the Government shall ensure that an assessment is carried out of how

the budget policy targets. Law (2014:866).



Chapter 3. Budgeting



Income and appropriations



1 § For budgeting and accounting of incomes at the State

budget income titles for various kinds of income shall be used.



section 2 of the budgeting of expenditure for specified purposes,

grants must be used.



The scope of the State budget



section 3 of the Government's draft State budget shall cover all

income and expenditure as well as any other payments that affect

the State's borrowing needs.



section 4 of the Government income and expenditure to be budgeted and

gross income is reported on the titles and grants with the exceptions provided for in

section 6.



paragraph 5 of the Expenditure may not be budgeted and accounted for

income titles.



section 6, If the Swedish Parliament has decided that the income may be claimed

for a specific purpose other than by decision

appropriation

(point of interest), the income budgeted and

recognized against income titles. However, income taxes

always be budgeted and accounted for income.



Should income completely or to a designated part cover

utgifternai a particular activity to income and the corresponding expenses

Neither budgeted nor are reported against the appropriation. If

income to an undetermined part should cover in a

activities, revenue is recognised in the appropriation

(financial instruments: disclosures).



The first and second paragraphs apply also such income as

the Government, with the support of the Riksdag has decided

should

specialdestineras to a specific activity.



section 7 of the Government may dispose of the fee income from

optional in-demand goods and services which the State

provides and decide on income should be budgeted and

recognized against income title or specialdestineras to a

certain activities.



Terms and conditions for grants



section 8 A appropriation may temporarily be exceeded by a credit

equivalent to a maximum of 10% of the indicated allocation

(notice the credit). The following year, available

funds are reduced by an amount equivalent to the provisions

grant the credit.



In the Riksdag, the Government may also decide to

a grant may be exceeded, if this is necessary for a

activities cover specific expenditure which was not known when the

the grant was directed or to one of the Riksdag decided

purpose of the facility.



§ 9 the Government may decide that the appropriation for interest on

the national debt and other expenses for borrowing and

debt management may be exceeded if necessary to

performance of the State's payment obligations.



section 10 balances on an appropriation (used appropriations under) may

use the following year.



Unused funds may be used at the two years after the

that facility was built on the budget.



section 11 When Government assigns an authority an appropriation, the

decide on restrictions in the terms and conditions for the use of

the appropriation.



section 12 of the Government may decide that funds in a designated funds

not to be used, if this is justified by the Special

circumstances of a business or of fiscal or

other socio-economic reasons.



Chapter 4. Accounting for income and appropriations



§ 1 unless Parliament decides otherwise, shall report to the

income and appropriations under titles 2 and 3 sections.



section 2 of the Proceeds of the taxes and fees should be reported there

financial year to which the income relates. Other revenue will be

accounted for the financial year to which the income relates.



If income pursuant to Chapter 3. section 6, second paragraph, is reported

against

appropriation, shall report to be done on the same basis as applies to

of the expenditure reported against the appropriation under section 3.



section 3 expenditure on transfers to be reported in respect of the financial year as

payment is made. Administrative expenditure to be reported the

budget year

as the costs incurred. Other expenditures shall be accounted

the financial year to which the expenses relate.



paragraph 4 of the Report should be ongoing.



Chapter 5. Government borrowing and debt management



paragraph 1 of the Following special authorisation given for a financial year in the

broadcasting, Government or after the Government's determination

The Swedish national debt Office take up loans to the State to



1. financing the current deficit in the State budget and other

expenditure based on the parliamentary decision,



2. provide such credits and fulfill such

warranties

that the Swedish Parliament decided on,



3. repay, redeem and buy up government bonds,



4. in consultation with the need for government loans with

different maturities, and



5. meet the Riksbank's need for foreign currency reserve.



The Riksbank shall pay full compensation for the State's costs

for

borrowing to meet the Riksbank's needs

foreign-exchange reserves.

The Government, however, may, after consultation with the Riksbank, decide

other

If there are special reasons.



section 2 of the Following special authorisation provided by the Parliament of

a

budget years in broadcasting, Government or after the Government's

controlling a business take up loans to the State for

Business Administration's business.



section 3 of the loans taken up by the State in accordance with paragraph 1 or 2

managed by the Government, or, after the Government's authorization,

by the Swedish national debt Office or business.



If the Government takes out a loan to meet the Riksbank's needs

of foreign exchange reserve, the means by which the Riksbank adds State in

Exchange for the borrowed funds are used only for the refund

by the same loans. The Government, however, may, after consultation with the

The Riksbank,

decide otherwise if there are special reasons.



4 section For all the loans and guarantees that the Government,

The Swedish national debt Office or a business involved in the State

responsible.



section 5 of the State's debt, with the exception of the debt held by

business works under paragraph 3, shall be managed so that the cost of

long-term debt is minimized while risk in

management must be taken into account. The Administration should take place within the framework of the

requirements of monetary policy.



section 6 of the Government shall, by 15 november each year to decide on

guidelines for the Swedish national debt Office's management of the public debt.

The Government will seek proposals for guidelines from

The Swedish national debt Office and let the Riksbank comment on

the Office's

proposal.



section 7 of the Government will from 2012 and thereafter every two years

in a letter to Parliament assessing the management of

the national debt. The letter should be submitted no later than 25 april

to the Parliament.



Chapter 6. Financial commitments and lending



Order appropriations



Article 1 for the purposes, and next to the amount which the Riksdag

decided for financial year, Government ordering goods or

services and decide on subsidies, reimbursement, loans or

similar

involving expenditure in the later financial year than the budget

refers to.



The Government may, however, without special authorization to do financial

obligations for the State if these amount to no more than ten percent of the

a designated funding, up to a maximum of SEK 10 million.



The Government, when it requests an authorization referred to in the first

piece set during the years the financial commitment is calculated

incur expenses.



section 2 of the Government may make such financial obligations for the State

necessary for the operations to function

satisfactory.



Loans and guarantees



for the purposes of paragraph 3 of and next to the amount that Parliament has

decided for one or more financial years, the Government decide

If

loans financed with loan limit at the national debt Office, ask

out

credit guarantees and make other similar commitments.



If there are special reasons, a guarantee or

similar

commitment under parliamentary control to be done without amount

limited.



4 section For a loan or obligation under paragraph 3 shall rate or

fee will be charged. The interest rate or fee shall be equal to the State's


the expected cost of the loan or obligation, if not

the Riksdag

for a particular loan or obligation has decided otherwise.



If required as a result of the provisions on State aid in the

Article 107 of the Treaty on the functioning of the European Union

(TFEU), the interest rate or fee be set higher than

referred to in the first subparagraph.



If the loan or the guarantee holder should pay a rate or fee

that does not completely cover the costs referred to in the first subparagraph,

the Government propose to Parliament how the difference will

funded.



The Government or the authority, as the Government determines

decide for certain loans or some guarantee of interest or

the amount of the fee.



section 5 to the extent that the income from interest and fees under 4

section corresponds to the expected losses, they should be

to accounts in the national debt. Other financing

expected loss under third subparagraph shall betaken to

such accounts. Revenue in foreign currency may be brought into

accounts in the bank.



Confirmed losses of State lending and commitments,

covered with funds from these accounts.



Chapter 7. Financing of investments and lending



§ 1 In credit lines that the Riksdag has decided for financial year

the Government may decide that assets used in

State activities, with the exception provided for in paragraph 2, shall

financed with loan limit at the national debt Office. The Government may

decide

If the conditions for such loans.



section 2 of the Acquisition of shares in a company and other

contributions of capital shall be financed through appropriations.



section 3 of the Loans for which the expected loss is low,

financed with loan limit at the national debt Office.



paragraph 4 Within a credit line which Parliament has decided to

financial year

the Government may decide that working capital in State activities

to be financed with credits in the national debt. Government

may decide on the terms of these loans, and if liquid

means that the authorities can dispose of.



§ 5 assets other than those referred to in 1, 3 and 4 sections,

funded by appropriation or with income indicated in Chapter 8.

9-12 sections.



section 6 of the provisions of paragraphs 1 to 5 shall not apply if the Parliament for a

specific authority, a certain loans or investments

decide if any other funding.



Chapter 8. Acquisition and transfer of property



section 1 of the 2-12 sections set out grounds for the disposal of State

property.



The rules apply to assets that the Government manages and

possession. However, this does not apply to products referred to in Chapter 3.

7 §.



With the sale referred to in 2 and 4-7 §§ even byte.



Immovable property



2 § when the value of the immovable property does not exceed 75 million

Crowns, the Government may decide to sell the property, if the

not

at all or only to a negligible extent needed in State

business and unless there are special reasons for

the property is still owned by the State.



Despite the first paragraph, the Government may decide on sale

to

a commune for community development purposes.



Shares and participations



section 3 of the Government may not, without parliamentary authorization to acquire

shares in a company or in any other way increase

the State's voting or ownership interest in a company. The Government may

nor without the Riksdag inject capital

to a company.



The Government, however, may acquire shares or participations in companies

as

part of the management of the property went to the State by

will or gift.



section 4 of the Government may decide on the sale of shares or

shares in a company in which the State has less than half of

the votes for all shares or units, unless the Parliament

certain other things for the company.



The Government must not without the Riksdag through the

sale or otherwise reduce the State's holding in

companies in which the State has half or more than half of the

cast

for all of the shares or units.



Other movable property



§ 5 For grant of leasehold and the sale of leasehold

and

such a building that is movable property, the provisions of paragraph 2 of

If

sale of real property.



section 6 of the Government may decide to entrust other movable property other than

such as set out in paragraphs 4 and 5, if the property is no longer needed

for State activities or become unusable or if it is not

purchased with State funds.



Business sense



7 § Acquisition by purchase or Exchange and sale shall

implemented

commercially, unless special reasons speaking against it.



Appropriation of payments



section 8 of the Swedish Parliament decided on the sale of property,

income is reported against an income title, unless the Parliament

decides otherwise.



In the 9-12 § § defines the income must be appropriated in cases where

the Government has decided to sell.



section 9 If the property has been used in an activity for which

Parliament has approved an investment plan, the Government

decide that the income must be appropriated to finance

investments included in the plan.



Provisions on the distribution of income from the sale of

property not used for such activities are available in 10-12

§§.



section 10 if the property has been financed with funds from the appropriation may

the Government, since the funds corresponding to the book value of the

accounted for an income title, decide what remains

by

income shall be appropriated in the business where the sold

the estate has been used.



If the income amounts to a smaller amount, the Government

decide that the whole income must be appropriated in the activities where

the sold property is used.



Have real estate or shares sold, shall be the whole of the income

accounted for an income title.



section 11 if the property has been financed with the loans, the Government

Since the loan is resolved may decide that what remains of the income

should

appropriated in the business in which the property is sold

been used.



Have real estate or shares sold, though what remains

of income are reported on an income title.



section 12 if the property has been financed otherwise than by means

from grants or loans, the Government may decide that the whole

income shall be appropriated in the business where the sold

the estate has been used.



Chapter 9. Monitoring and forecasting



Follow-up



§ 1 the Government will closely monitor how government revenue,

spending and borrowing are developed in relation to the expected

and decided the amount.



The Government in the budget bill and in the economic

our Bill explain significant differences between

budgeted amounts and expected outcomes for the current

the financial year.



2 repealed by law (2014:866)



Forecasts



section 3 of the Government in the budget bill and the economic

our Bill account projections of macroeconomic

development, government revenue and expenditure, the State

borrowing needs, expenditure under the expenditure ceiling and the public

Government revenue, expenditure and liabilities.



The forecasts shall cover the current financial year and the three

subsequent years based on well-specified

prerequisites. Team (2013:1015).



section 4 of the Government in the spring fiscal policy bill account

an assessment of the public finances

sustainability. Team (2013:1015).



Evaluation



section 5 of the Government shall regularly report an evaluation of the

forecasts indicated in section 3. Team (2013:1015).



10 Cape. Accountability and audit



General Ledger



section 1 the Government is accountable to Parliament for the

assets that the Government manages and disposes of.

Accountability also includes the activities of

conducted by the State and the State's debt and other economic

commitments.



Generally accepted accounting principles and fairly present



section 2 of the accounting and financial reporting in the State to be performed on a

manner consistent with the generally accepted accounting principles.



Accounts shall give a true and fair view of the operations, the

financial performance and position as well as the management of

the State's assets.



Reporting of results



section 3 of the budget bill, the Government will submit a report

of the results achieved in business in relation to

the Riksdag decided objectives. Report shall be

adapted to areas of expenditure. Law (2014:866).



Accounting of tax expenditure



section 4 of the Government shall annually submit a report of

tax expenditure to Parliament.



The annual report for the State



paragraph 5 of the annual report of the State must be submitted to the Parliament

by 15 april of the year following the financial year.



section 6 of the annual report for the State should contain the



1. a follow-up parliamentary decisions on the public

Government net lending (surplus), the expenditure ceiling

and other overall budget policy objectives,



2. the accrual of revenue titles and appropriations and by

the State's borrowing needs,



3. an accounting of how the Government has used

appropriations

as a review pursuant to Chapter 6. Article 1, first paragraph and Chapter 6.

3

§,



4. an income statement, a balance sheet, an

financing analysis

and notes,



5. an account of the development of the public debt,



6. information about expected losses and significant risks

in

the State loans and guarantees issued ordered according to

6

Cape. section 3,



7. a consolidated presentation of the measures taken by the Government

on the occasion of National audit observations,



8. an income statement and a balance sheet relating to EU funds

as well as a cash basis accounting for appropriations and titles

regarding payments to and from the EU, as well as



9. a statement of the Government as to whether



– accounts according to 8 have been prepared in accordance with good

accounting standards and give a true and fair view, and



"there are rules and systems designed to create a


adequate system of internal control of EU funds.



The Government, in conjunction with the financial statements referred to in the first

paragraph 2 explaining the significant differences between budgeted

amount and the outcome.



section 7 of the income statement, balance sheet, and

the cash flow statement should cover all of the State revenues

and

expenses, assets and liabilities and payments

affects

the State's borrowing.



The Government may, however, decide that a particular activity or a

particular asset or liability should not be subject

income statement, balance sheet and cash flow statement.

The Government, in the annual report for the State

information

the reasons for this.



section 8 of the income statement and the balance sheet shall



1. the same principles of valuation, classification and categorisation

of the various items applied from one financial year to the

otherwise,



2. the valuation of the various items shall be made with reasonable

caution,



3. income and expenses attributable to the financial year

TAS

with regardless of the time of payment,



4. the various components of the balance sheet consists of

are valued individually,



5. assets and liabilities or income and expenses not

are offset against each other, as well as



6. the opening balance of a financial year must match

the closing balance for the previous financial year.



If it is consistent with that provided for in paragraph 2,

Government to deviate from the first paragraph. The Government shall provide

information on the reasons for the deviation and present a

assessment

of its effect on the financial position and results.



section 9 income statement shall contain the following headings:

Revenue, expense, profit from shares in wholly and partly owned

companies, financial income and expenses as well as this year's over-

or deficits.



The balance sheet shall contain the following headings on

assets: current assets (intellectual property,

Material

and financial assets), lending, stock

etc., Receivable, Period separator items, Current

investments and cash and bank balances. On the liability side, the

contain the following headings: net worth, funds,

Provisions, debt, Debts, etc., and

Period separator items.



The cash flow statement shall contain the following headings:

business, investing, lending, Financial activities

and the State's borrowing.



Under the headings should report be divided into items.



section 10 for each entry in the income statement and balance sheet

as well as financial analysis, the amount of the corresponding item

for

the preceding financial year is entered.



If the Government has changed its principles for the valuation,

rating or classification of records or delineation of

State under section 7, to the records for the preceding

budget year

converted or changed as needed

to be comparable with the year's entries in a meaningful

way.



If there are special reasons and that is consistent with good

GAAP, the deviation from the provisions of other

subparagraph be made. If so, should the Government provide information on

the reasons for this.



Revision



section 11 of Chapter 13. the Constitution and the law (2002:1022) if

revision of government activities provides for

audits of government activities.



11 kap. Regulations



1 § Government Announces rules on the implementation of the

the State's budget.



Transitional provisions



2011:203



1. this law shall enter into force on 1 april 2011, when the Act

(1988:1387) if government borrowing and debt management and

the law

(1996:1059) if State budget expires.



2. the provisions of Chapter 3. 5 and 6 §§ applied first time.

in

the case of the 2012 budget. The provision in section 17, second subparagraph

and section 18 of the Act (1996:1059) if the State budget is still valid

in terms of accounting for income and appropriations under

2011.



3. the balance of appropriations that have not been included in

the State budget for 2010 may be used at the far end of

2012.



4. The provision in Chapter 4. 2 the first sentence of

apply to the reporting of income from fees

for the first time in the case of the 2012 budget. The provision in the

paragraph 10 of the second paragraph, the law on the State budget is still in

question about the accounting of revenue from fees in 2011.



5. the provisions of Chapter 6. section 4 apply to lending

from 1 January 2012. For student loans in accordance with the

study support Act (1999:1395) applied, however, these provisions

as from 1 January 2014. Law (2012:966).



6. the provisions of Chapter 6. § 5 shall apply as from

January 1, 2012. For student loans in accordance with the study support act

(1999:1395) applied, however, these provisions from

on January 1, 2014. Law (2012:966).



7. The provision in Chapter 7. section 3 apply for the first time in question

If

the 2012 budget.



8. the provisions of Chapter 10. 6 – 10 sections apply for the first time in

the case of the annual report for the State in 2011. The provisions of the

paragraph 37 Act (1996:1059) if State budget shall apply

in the case of the annual report for the State in 2010.