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Controlling Public Spending in Times of Plenty

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Author Info

  • Gerry Boyle;

    ()

  • Jim O'Leary

    (J & E Davy's)

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    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.

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    File URL: http://economics.nuim.ie/sites/economics.nuim.ie/files/working-papers/N741197.pdf
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    Bibliographic Info

    Paper provided by Department of Economics, Finance and Accounting, National University of Ireland - Maynooth in its series Economics, Finance and Accounting Department Working Paper Series with number n741197.

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    Length: 22 pages
    Date of creation: Nov 1997
    Date of revision:
    Handle: RePEc:may:mayecw:n741197

    Note: Paper read to Dublin Economics Workshop Annual Policy Conference, Kenmare, Co Kerry, October 17-19 1997
    Contact details of provider:
    Postal: Maynooth, Co. Kildare
    Phone: 353-1-7083728
    Fax: 353-1-7083934
    Web page: http://economics.nuim.ie
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    Related research

    Keywords: deficit; debt;

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    References

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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. Hauptmeier, Sebastian & Heipertz, Martin & Schuknecht, Ludger, 2006. "Expenditure reform in industrialised countries: a case study approach," Working Paper Series 0634, European Central Bank.

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