The Committee on Finance is a committee

Committee

A committee is a type of small deliberative assembly that is usually intended to remain subordinate to another, larger deliberative assembly—which when organized so that action on committee requires a vote by all its entitled members, is called the "Committee of the Whole"...

 in the Parliament of Sweden

Parliament of Sweden

The Riksdag is the national legislative assembly of Sweden. The riksdag is a unicameral assembly with 349 members , who are elected on a proportional basis to serve fixed terms of four years...

. The committee prepares matters concerning general guidelines for financial policy

Economic policy

Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.Such policies are often...

, adoption of the central government budget

Government budget

A government budget is a legal document that is often passed by the legislature, and approved by the chief executive-or president. For example, only certain types of revenue may be imposed and collected...

 and matters concerning the activities of the Riksbank. It also prepares matters concerning expenditure limits for expenditure areas and estimates of state revenue.

The Committee on Finance also prepares matters concerning monetary

Monetary policy

Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...

, credit

Credit (finance)

Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately , but instead arranges either to repay or return those resources at a later date. The resources provided may be financial Credit is the trust...

, currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 and national debt

Government debt

Government debt is money owed by a central government. In the US, "government debt" may also refer to the debt of a municipal or local government...

 policy, the credit

Bond market

The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds. The primary goal of the bond market is to provide a mechanism for long term funding of public and...

 and finance market

Financial market

In economics, a financial market is a mechanism that allows people and entities to buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect supply and demand.Both general markets and...

s, the commercial insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 market and the National Audit Office

Swedish National Audit Office

The Swedish National Audit Office audits the activities of the Swedish government. All government agencies are required to submit copies of their annual accounts and reports to this office for review....

, insofar as these matters do not fall to the Committee on the Constitution

Committee on the Constitution (Parliament of Sweden)

The Committee on the Constitution is a committee in the Parliament of Sweden. The committee prepares matters concerning the constitution and the Parliament Act and other matters concerning legislation of a constitutional and general administrative nature, as well as matters relating to radio and...

 to prepare. The committee also deals with matters relating to local government

Municipalities of Sweden

The municipalities of Sweden are the local government entities of Sweden. The current 290 municipalities are organized into 21 counties...

 finance, the state as employer, national statistics, accounting

Accountancy

Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...

, audit

Audit

The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation.- Accounting...

s and administrative efficiency, State property and public procurement

Procurement

Procurement is the acquisition of goods or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location...

 in general, certain administrative finance issues and budgetary questions of a technical nature.

The committee prepares appropriations falling within expenditure areas 2 - Economy and fiscal administration, 25 - General grants to local government, 26 - Interest on the national debt, etc), and 27 - The contribution to the European Community.

As with the other committess, the Committee on Finance consists of seventeen elected MPs (at least one from each party). The current chairman is Stefan Attefall

Stefan Attefall

Jan Stefan Attefall, born 1960, is a Swedish Christian democratic politician and Minister for Public Administration and Housing since October 2010. He was member of the Riksdag 1991–1994 and 1998-2010...

 of the Christian Democrats

Christian Democrats (Sweden)

The Christian Democrats ) is a political party in Sweden. The party was founded in 1964 but did not enter parliament until 1985 in an electoral cooperation with the Centre Party and on the Christian Democrats' own accord in 1991. The leader since April 3, 2004 is Göran Hägglund. He succeeded Alf...

.

External links

• Finansutskottet, official website