Question about Sweden

Miscellaneous Current Events
1

A blog post linked to this article, which mentioned the following interesting tidbit about Sweden: “…its laws prohibit politicians running up the national debt in boom years”.

Does anybody know more about these laws?

2

Fastest growing economy in the world. CIA World Factbook:

GDP - real growth rate:

Field info displayed for all countries in alpha order.

-5.1% (2009 est.)
3

That’s pretty much what the blog said, but does anybody know about the law(s) in question? :slight_smile:

4

Thanks to some hints of the blog post commenter, an interesting study was found about the budgeting process in Sweden.

5

In Brazil we have a similar law that is called Law of Fiscal Responsibility, if not by it, the crap would have hit the fan long ago.

6

Thanks! Fiscal Responsibility Laws seem to be gaining some notoriety and even some successes - see also here and here.