Abstract
Throughout Great Britain local government in 1981–2 was spending nearly £27,000 million on current account (that is, expenditure to meet the continuing cost of maintaining local-authority services day by day) and over £4000 million on capital expenditure (investment in physical assets such as new schools, houses, libraries and town halls which continue to be of value over a long period). These figures represented 13 per cent of gross domestic product and about 26 per cent of total public expenditure. Education accounted for around 36 per cent of current local-government expenditure and 16 per cent was devoted to housing. The local-government share of the national income increased steadily from the beginning of the century (when it was 5 per cent) grew dramatically in the 1960s and 1970s to about 16 per cent in 1975, and has declined since then.
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© 1984 S.G. Richards
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Richards, S.G. (1984). Local Government III — Finance. In: Introduction to British Government. Palgrave, London. https://doi.org/10.1007/978-1-349-07414-3_15
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DOI: https://doi.org/10.1007/978-1-349-07414-3_15
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-37255-5
Online ISBN: 978-1-349-07414-3
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