Public finances: daring to face the crisis

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In a normal situation, one of the main qualities of public finance officials is knowing how to say no. In other words to resist the many solicitations, for example for tax gifts or to increase expenses. But this resistance is not an end in itself. It is only a necessary condition to offer sustainable quality services to the population. Society has indeed many needs that only public authorities can cover.

Responsible for the finances of the city of Lausanne for ten years, I had the chance to benefit from a good economic situation and from a united municipal college. By being very disciplined on current spending, we have managed to stabilize debt. In francs per capita, Lausanne’s debt even fell by 13% while assuming a high level of investment.