February

The Government continues with the preparatory budget work. The public authorities submit annual reports and budget documents to the Government.

At the beginning of February, the ministries submit consequence estimates for the next three years to the Ministry of Finance. Central government tax revenue and other income are calculated by the Ministry of Finance.

During February and the beginning of March, the Ministry of Finance analyses the consequence assessments.

Public authorities submit their annual reports for the preceding year no later than 22 February. An annual report contains both financial data and information about activities. It includes an account of how the authority has succeeded in meeting the objectives the Government has set for its operations.

About a week later (1 March), the authorities are required to present their budget documents for the next three years. In these documents, they estimate their expenditure over the next few years and make proposals for financing. This material forms part of the basis for the Governments decisions when calculating expenditure on the different appropriations.