Audit externe sur la dette globale du Canton du Valais / External audit of the overall debt of the Swiss canton of Valais
AbstractThe motion passed in 2002 in the parliament of the Swiss canton of Valais by the MP Yves Bagnoud requires that the government has the overall debt of the State externally audited. The aim of this study is to provide information to answer the motion. To do so, the study is organised as follows. The initial part briefly describes the structure of the balance sheet of the canton of Valais, according to its main positions, assets and liabilities. It shows the evolution over a twenty- year period and compares it with the ones of the other Swiss cantons. It also raises the issue of estimating the current worth of the balance sheet items, as well as the solution provided by the International Public Sector Accounting Standards (IPSAS). The second part reviews the various concepts of debt. It makes the distinction between the national/cantonal debt and the public debt, between the gross and the net debt, between the debt in nominal terms and the one in real terms. These various notions are defined and estimated for the State of Valais, either from an historical point of view by presenting the results over the past twenty years, or from the point of view of the intercantonal comparison. The final part deals with the issue of the sustainability of the Valais’ public debt in order to determine if its level is excessive or not.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 0508007.
Length: 114 pages
Date of creation: 09 Aug 2005
Date of revision:
Note: Type of Document - pdf; pages: 114
Contact details of provider:
Web page: http://22.214.171.124
Public dept; Definition; Estimation; Sustainability; Case Study;
Find related papers by JEL classification:
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- H - Public Economics
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.