Public Investment in the United Kingdom:

The new fiscal and expenditure policy framework adopted in the United Kingdom in 1997 included clear fiscal rules and a reformed system of budgetary controls and capital appraisal procedures. These macro and micro reforms allowed the historic shortfall in public investment to be addressed. This arti...

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Bibliographic Details
Main Author: Toigo, Pietro (Author)
Other Authors: Woods, Robert (Contributor)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2007
Subjects:
Online Access:DE-384
DE-473
DE-824
DE-29
DE-739
DE-355
DE-20
DE-1028
DE-1049
DE-521
DE-861
DE-898
DE-92
DE-91
DE-573
DE-19
Volltext
Summary:The new fiscal and expenditure policy framework adopted in the United Kingdom in 1997 included clear fiscal rules and a reformed system of budgetary controls and capital appraisal procedures. These macro and micro reforms allowed the historic shortfall in public investment to be addressed. This article lays out some general considerations for public investment policy, including involving the private sector, and describes how the United Kingdom has implemented a strategy to deliver an increase in public investment while maintaining a sustainable fiscal position
Physical Description:1 Online-Ressource (40 Seiten) 16 x 23cm
DOI:10.1787/budget-v6-art21-en

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