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Controlling Public Spending in Times of Plenty

Author

Listed:
  • Gerry Boyle;
  • Jim O'Leary

    (J & E Davy's)

Abstract

Most economists, without much prompting, would claim that the annual rate of growth in public expenditure since 1990 has been 'excessive'. However, the case is distinctly underwhelming if it relies on standard macroeconomic arguments. The general Government Deficit (GGD) has been kept below 3% of gdp each year since 1987 and this year we're on track for a budget surplus. By the end of the year the debt-gdp ratio is likely to be about 66%- below the EU average and almost 30 points lower than in 1989.

Suggested Citation

  • Gerry Boyle; & Jim O'Leary, 1997. "Controlling Public Spending in Times of Plenty," Economics Department Working Paper Series n741197, Department of Economics, National University of Ireland - Maynooth.
    • Handle: RePEc:may:mayecw:n741197
    Note: Paper read to Dublin Economics Workshop Annual Policy Conference, Kenmare, Co Kerry, October 17-19 1997
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    File URL: http://repec.maynoothuniversity.ie/mayecw-files/N741197.pdf
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    References listed on IDEAS

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    1. Gian Maria Milesi-Ferretti, 1997. "Fiscal Rules and the Budget Process," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 56(1-2), pages 5-40, June.
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    Cited by:

    1. Sebastian Hauptmeier & Martin Heipertz & Ludger Schuknecht, 2007. "Expenditure Reform in Industrialised Countries: A Case-Study Approach," Fiscal Studies, Institute for Fiscal Studies, vol. 28(3), pages 293-342, September.

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    More about this item

    Keywords

    deficit; debt;

    JEL classification:

    • H6 - Public Economics - - National Budget, Deficit, and Debt

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