By A Premchand
Edited through A. Premchand, this selection of seminar papers and state experiences examines contemporary advancements in govt accounting and fiscal administration in chosen commercial and constructing nations. the rustic reports comprise Australia, Canada, China, India, Poland, Sweden, Turkey, the uk, the us, and Latin American international locations.
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Extra info for Government financial management : issues and country studies
Sample text
Building a new road has no point if existing roads are allowed to deteriorate for lack of repair. The same applies to other sectors. An area that deserves special mention in discussing public spending is public sector employment. In many countries public sector employment has been expanded beyond the level needed largely by reducing public sector real wages. In these circumstances the quality of the civil service deteriorates, leading to an even larger decline in its productivity. When real wages fall below some level imposed by comparability with the private sector, some unhealthy developments for the economy take place.
S. Government is an atypical but informative case study of the role of political institutions in setting and implementing fiscal policy. 38 ©International Monetary Fund. Not for Redistribution 3: Why the Deficit Persists • 39 FISCAL POLICY: FROM KEYNESIAN EXPANSION TO FISCAL RESTRAINT The first oil shock in 1973-74 transformed budgeting in industrialized democracies from an engine of government expansion into a process for restraining growth in the public sector. The postwar era was characterized by high economic growth, widespread improvements in productivity and the overall standard of living, and low rates of inflation and unemployment.
My selection of the United States is based on two considerations: first, I am more familiar with its budget policy than with the policies undertaken in other countries; second, the United States is a country whose deficit-reduction objectives have been impeded by peculiar governing arrangements, in particular the division of power between the legislative and the executive branches. S. Government is an atypical but informative case study of the role of political institutions in setting and implementing fiscal policy.
Government financial management : issues and country studies by A Premchand
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