The Economics of Public Spending

Format: Hardcover

Language: English

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Both arguments were strong, as was evident in the tie at the end of the debate. Provided that the government does not raise its expenditures along with the increased revenues, the budget tends to have a braking effect on private expenditure in boom times and an expansionary effect in times of recession. The $300 million total output impact was about 0.09 percent of the $356 billion city economy. In practice, government budgeting or public budgeting is substantially more complicated and often results in inefficient practices.

Pages: 432

Publisher: Oxford University Press (May 22, 2003)

ISBN: 019926032X

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Public Finance

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