Budgetary Institutions & Levels of Expenditure Outcomes in Australia & New Zealnd
Campos, J. Edgardo; Pradhan, Sanjay | June 1999
Abstract
In recent years, there has been heightened concern about poor fiscal outcomes in both developed and developing countries. Governments have had to reduce aggregate public spending and deficits due to serious macroeconomic imbalances. At the same time, governments have had to focus attention on the composition of spending in deciding where to cut expenditures, i.e. allocative efficiency. Moreover, many have recognized the need to address often serious problems with technical inefficiency in the use of budgeted resources (World Bank 1992). But while policy makers and researchers have recognized these three basic problems, for the most part they have not addressed them in an integrated manner. In particular, the interrelationships among these problems have not been systematically examined. Macroeconomists have focussed the control of aggregate spending and the deficit. Experts in public administration have worked predominantly on improving technical efficiency. And, fiscal economists have concentrated on issues of allocative efficiency.
Citation
Campos, J. Edgardo; Pradhan, Sanjay. 1999. Budgetary Institutions & Levels of Expenditure Outcomes in Australia & New Zealnd. © Asian Development Bank. http://hdl.handle.net/11540/6087.Keywords
Economic Development
Economic Infrastructure
Economic Policies
Regional Economic Development
Microfinance Programs
Public Finance
Local Financing
Financial Stability
Financial Sector Regulation
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Enterprises
Financial aid
Economies in transition
Local Finance
Local Government
Insurance Companies
Banks
Social Equity
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Social responsibility of business
Accounting
Personal budgets
Cost and standard of living
Bank accounts
Credit control
Regulatory reform
Banks and banking
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
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