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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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Publisher 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
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Postal: Maynooth, Co. Kildare
Phone: 353-1-7083728
Fax: 353-1-7083934
Web page: http://www.may.ie/academic/economics/
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Related research
Keywords: deficit; debt;

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Find related papers by JEL classification:
H6 - Public Economics - - National Budget, Deficit, and Debt

References listed on IDEAS
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  1. Milesi-Ferretti, Gian Maria, 1997. "Fiscal Rules and the Budget Process," CEPR Discussion Papers 1664, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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Cited by:
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  1. 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. [Downloadable!]
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