Financial Planning
Art. 25 of the Financial Budget Act mandates the government to prepare a multi-year financial plan each year for submission to Parliament. This covers a period of four years, starting with the next budget year, and contains the expected expenses, income and net investments as well as the expected financial surpluses or deficits and the expected development of assets and liabilities over the period under review.
If the financial plan does not meet the key parameters of the financial model in accordance with Art. 26 FHG, the government is obliged to submit proposals to Parliament for measures to comply with the key parameters within six months of the financial plan being discussed by Parliament.