Financial Power

Article 1
Provisions concerning the right to approve taxes and charges or fees due the State are set out in Chapter 8.
Article 2
(1) State funds may not be used in any way other than that determined by the Parliament.

(2) The Parliament approves the use of such funds for different purposes by adopting a budget5325 in accordance with Articles 3 to 5.  The Parliament may, however, decide that funds are to be employed in another manner.
Article 3
(1) The Parliament shall adopt a budget for the next following fiscal year or, if special reasons so warrant, for another budgetary period.  In this context, the Parliament shall estimate revenue and make appropriations for specified purposes.  Decisions taken in this connection shall be incorporated in a national budget.

(2) The Parliament may decide that a particular appropriation within the national budget shall be made for a period other than the budget period.

(3) When adopting a budget under the present article, the Parliament 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.
Article 4
If the budget cannot be finally adopted in accordance with Article 3 before the start of the budget period, the Parliament, or, if the Parliament 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.
Article 5
The Parliament may revise its estimates of revenue for the current fiscal year, alter appropriations already made, and make new appropriations in a supplementary budget.
Article 6
The Government shall submit proposals for a national budget to the Parliament.
Article 7
In conjunction with consideration of the budget or in other contexts, the Parliament 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.
Article 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 Parliament or its agencies or which have been put under special administration by law.
Article 9
The Parliament 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 Parliament may prescribe that measures of a particular nature may not be undertaken without the Parliament's consent.
Article 10
The Government may not take up loans or otherwise assume financial obligations on behalf of the State without authority from the Parliament.
Article 11
(1) 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 Parliament to examine.  The Committee approves agreements on such matters on the Parliament's behalf or, if the matter has been exempted from agreement, proposals for their regulation.

(2) In the case of employees of the Parliament or its agencies the provisions laid down in law apply instead of the provisions of Paragraph (1).

(3) The provisions of Paragraph (1) do not apply if the Parliament has decided otherwise in a particular case.
Article 12
(1) 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.

(2) The Bank of Sweden is an authority under the Parliament.

(3) The Bank of Sweden is administered by eight Trustees. Seven of the Trustees are elected by the Parliament.  These Trustees elect a Trustee to act also as Governor of the Bank for a five-year period.  The Trustees elected by the Parliament 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 Parliament's election of Trustees, concerning the direction of the Bank of Sweden in other respects, and concerning its operations are laid down in the Parliament Act and elsewhere in law.

(4) A Trustee for whom the Parliament does not grant discharge of responsibility is thereby severed from his appointment.  The Trustees elected by the Parliament may remove the chairman from office and the person who is a Trustee and the Governor of the Bank from his appointment.
Article 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.