§ 5 Act on the Management of Finances and Services (FLG) - Objectives and Subject Matter

1. Objectives of fiscal management are the preservation of equity and sustainable debt. This aims to ensure the long-term capacity for action of the canton and a secure financing of public services and infrastructures.

2. The subject of fiscal management is the income statement and net debt. The extraordinary result according to § 37 paragraph 4 is excluded.

3. Net debt is the liabilities excluding the accrued investment contributions minus the financial assets.

4. The Cantonal Council may decide that investments for infrastructure projects that require at least 3/10 of a unit of state taxes are not subject to § 6a. This decision is made within the framework of expenditure approval.

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