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$Unique_ID{COW03508}
$Pretitle{441}
$Title{Sweden
Chapter 9. Financial Power}
$Subtitle{}
$Author{The Swedish Riksdag}
$Affiliation{Swedish Institute}
$Subject{riksdag
art
budget
bank
period
state
sweden
trustees
appropriations
concerning}
$Date{1989}
$Log{}
Country: Sweden
Book: The Constitution of Sweden 1989 The Swedish Riksdaf
Author: The Swedish Riksdag
Affiliation: Swedish Institute
Date: 1989
Chapter 9. Financial Power
Art. 1. Provisions concerning the right to approve taxes and charges or
fees due the State are set out in Chapter 8.
Art. 2. State funds may not be used in any way other than that determined
by the Riksdag.
The Riksdag approves the use of such funds for different purposes by
adopting a budget in accordance with Articles 3 to 5. The Riksdag may,
however, decide that funds are to be employed in another manner.
Art. 3. The Riksdag shall adopt a budget for the next following fiscal
year or, if special reasons so warrant, for another budgetary period. In this
context, the Riksdag shall estimate revenue and make appropriations for
specified purposes. Decisions taken in this connection shall be incorporated
in a national budget.
The Riksdag may decide that a particular appropriation within the
national budget shall be made for a period other than the budget period.
When adopting a budget under the present article, the Riksdag shall take
into account the need of funds for the defence of the Realm in time of war,
danger of war, or other exceptional circumstances.
Art. 4. If the budget cannot be finally adopted in accordance with
Article 3 before the start of the budget period, the Riksdag, or, if the
Riksdag is not in session, the Finance Committee, shall decide as necessary on
appropriations to cover the period until a budget is adopted for the budget
period concerned.
Art. 5. The Riksdag may revise its estimates of revenue for the current
fiscal year, alter appropriations already made, and make new appropriations in
a supplementary budget.
Art. 6. The Government shall submit proposals for a national budget to
the Riksdag.
Art. 7. In conjunction with consideration of the budget or in other
contexts, the Riksdag may establish guidelines for a particular activity of
the state covering a period in excess of that for which appropriations have
been made for the activity concerned.
Art. 8. The funds and other assets of the State shall be at the disposal
of the Government. This provision shall not, however, apply to assets which
are intended for the Riksdag or its agencies or which have been put under
special administration by law.
Art. 9. The Riksdag shall determine the principles for the administration
and disposition of the property of the State to the extent that this is
necessary. In this context, the Riksdag may prescribe that measures of a
particular nature may not be undertaken without the Riksdag's consent.
Art. 10. The Government may not take up loans or otherwise assume
financial obligations on behalf of the State without authority from the
Riksdag.
Art. 11. The Finance Committee confers with the Minister appointed by the
Government on negotiable matters affecting terms of employment applicable to
state employees or which otherwise come within the scope of the Riksdag to
examine. The Committee approves agreements on such matters on the Riksdag's
behalf or, if the matter has been exempted from agreement, proposals for their
regulation.
In the case of employees of the Riksdag or its agencies the provisions
laid down in law apply instead of the provisions of the first paragraph.
The provisions of the first paragraph do not apply if the Riksdag has
decided otherwise in a particular case.
Art. 12. The Bank of Sweden is the central bank of Sweden and is
responsible for currency and credit policy. It shall also promote a sound and
efficient payments system.
The Bank of Sweden is an authority under the Riksdag.
The Bank of Sweden is administered by eight Trustees. Seven of the
Trustees are elected by the Riksdag. These Trustees elect a Trustee to act
also as Governor of the Bank for a five-year period. The Trustees elected by
the Riksdag elect a chairman from among their number. This chairman may not
exercise any other commission or hold any office within the executive
direction of the Bank. Rules concerning the Riksdag's election of Trustees,
concerning the direction of the Bank of Sweden in other respects, and
concerning its operations are laid down in the Riksdag Act and elsewhere in
law.
A Trustee for whom the Riksdag does not grant discharge of responsibility
is thereby severed from his appointment. The Trustees elected by the Riksdag
may remove the chairman from office and the person who is a Trustee and the
Governor of the Bank from his appointment.
Art. 13. The Bank of Sweden alone shall have the right to issue banknotes
and to determine their pattern and design. Further provisions concerning the
monetary and payments systems shall be laid down by law.