budjettivaltaa
Budjettivalta, or budgetary power, refers to the authority to decide and oversee public finances, including the level of revenue and the allocation of expenditure. It encompasses the right to approve the annual budget, set fiscal priorities, and monitor how funds are used. The term is used in discussions of how public finances are controlled and how political responsibility for spending is distributed.
In Finland, budjettivalta is principally exercised by the Eduskunta (Parliament). The Government, led by the prime
Legal basis and process: The constitution establishes parliamentary sovereignty over public finances, and the annual state
Scope and limitations: Budjettivalta covers central government finances; local governments—municipalities and counties—have their own budgetary processes
See also: public finance, fiscal policy, budget process, parliamentary oversight.