Controlling Public Spending in Times of Plenty
AbstractMost 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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Bibliographic InfoPaper 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.
Length: 22 pages
Date of creation: Nov 1997
Date of revision:
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
Web page: http://economics.nuim.ie
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Find related papers by JEL classification:
- H6 - Public Economics - - National Budget, Deficit, and Debt
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- Gian-Maria Milesi-Ferretti, 1996.
"Fiscal Rules and the Budget Process,"
IMF Working Papers
96/60, International Monetary Fund.
- Hauptmeier, Sebastian & Heipertz, Martin & Schuknecht, Ludger, 2006.
"Expenditure reform in industralised countries: a case study approach,"
ZEW Discussion Papers
06-50, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- 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, 09.
- 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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