Statute Text
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The Federal Assembly determines the expenditure of the Confederation, adopt the budget and approve the federal accounts.

Art. 167 BV — Financial Powers of the Federal Assembly

Overview

Article 167 BV grants the Federal Assembly (the Swiss Parliament) central authority over federal finances. Parliament decides on all federal expenditure. It adopts the budget (called the Estimate) annually and examines the State Financial Statement at the end of the year.

This rule ensures that only the people's representatives decide on taxpayers' money. The Federal Council (the government) cannot make major expenditures without parliamentary approval. This is an important part of the separation of powers (division of state authority between different bodies).

Practical application: If the Confederation wants to build a new highway, Parliament must approve the costs. First, the money is included in the annual budget. Later, Parliament checks whether the money was actually spent for the intended purpose.

The three main tasks are:

  • Deciding on expenditure: Parliament approves all major federal spending
  • Setting the Estimate: Each year Parliament adopts the budget for the coming year
  • Approving the State Financial Statement: At the end of the year, Parliament examines whether the government used the money correctly

Parliament cannot transfer these powers to other authorities. They are the cornerstone of democratic control over public finances.