Financial planning

Art. 25 of the Financial Budget Act mandates the Government to prepare a multi-year financial plan annually for the attention of Parliament. This covers a period of four years, beginning with the coming budget year, and contains the anticipated expenses, revenues and net investments, as well as the financing surpluses or deficits expected in the period under consideration and the anticipated development of assets and liabilities.

If, within the framework of the finance plan, the benchmarks of the financial guidelines pursuant to Art. 26 FHG are not met, the Government is obliged to submit proposals to Parliament for measures to comply with the benchmarks within six months of Parliament's consideration of the finance plan.