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Council of State in the Spring Report on Budgetary Monitoring: transparent budgetary policy needed for next government

Council of State in the Spring Report on Budgetary Monitoring: transparent budgetary policy needed for next government
When forming a new government, national budgetary policy is usually defined for the coming years. And although the Covid-19 crisis can be used to postpone doing so for a while, the Advisory Division of the Council of State recommends it not be delayed. A transparent and thus clear and predictable budgetary policy involves cornerstones for political decisions, for ‘nailing one’s colours to the mast’. It requires a consideration of interests, topics and budgets and accountability to voters and parliament with regard to the decisions taken. Aspects of broad prosperity can be taken into account when determining the cornerstones. Transparent budgetary policy must not have a limited horizon. It benefits from a fixed main decision-making point and expenditure and tax frameworks for the entire (four-year) government term.

 

This can be read in the independent 2021 Spring Report on Budgetary Monitoring published on 19 April 2021. You can read the full press relase here


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