Abstract
Public spending affects us all; this chapter begins by discussing historic rationales for government spending, before looking at current arguments for state intervention. Contemporary issues such as budget consolidation in a variety of countries are examined, before the discussion moves on to the national debt and the public sector borrowing requirement. The chapter concludes with a brief look at local government and the private finance initiative.
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References and further reading
Bailey, S.J. (1995) Public Sector Economics; Theory, Policy and Practice. London: Macmillan.
Brown, C.V. & Jackson, P.M. (1990), Public Sector Economics, 4th ed. Oxford: Blackwell.
European Commission (1997a) Economic Trends, Supplement A, European Economy, no. 1, May.
European Commission (1997b) Economic Trends, Supplement A, European Economy no.1, January.
Heald, D. (1997) ‘Controlling Public Expenditure,’ in Corry, D. (ed.) Public Expenditure; Effective Management and Control. London: Dyden Press, pp. 176–91.
Parish, N. (1996) ‘Public Sector Debt: End March 1996’, Bank of England Quarterly Bulletin, 36.4: 426–33.
Savage, S. and Robins, L. (eds) (1990) Public Policy Under Thatcher. London: Macmillan
Trotman-Dickenson, D.I. (1996) Economics of the Public Sector. London: Macmillan.
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© 1998 Bob Milward
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Milward, B. (1998). Public Expenditure. In: Atkinson, B., Livesey, F., Milward, B. (eds) Applied Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-14250-7_19
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DOI: https://doi.org/10.1007/978-1-349-14250-7_19
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-67382-9
Online ISBN: 978-1-349-14250-7
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