Etusivu
The Parliament Decides on State Finances
The Parliament Decides on State Finances
CHAPTER 7
The Government has to draft a proposal for next year’s budget, and to submit it to the Parliament. The parliamentary Select Committee for Finance carefully examines the budget bill and the budget motions submitted by Representatives.
The Parliament decides on the budget. Revenues include inter alias state taxes and charges. The taxes are laid down by an act.
Expenditures comprise the support and services to the citizens approved by the Parliament, which also decides on the management of state assets and debts. In addition, the Parliament supervises the work of the Bank of Finland and of the Social Insurance Institution. The Audit Committee of Parliament and the National Audit Office oversee the financial management of the State.
