The State Budget and National Income Distribution

L. Urban

Chapter Chapter 10 in The Distribution of National Income, 1968, pp 255-277 from Palgrave Macmillan

Abstract: Abstract Since World War II we are witnesses to the fact that, in almost all countries, the significance of the state budget for national income distribution has been steadily growing. The Federal budget expenditures in the U.S.A. represented only 9.8 per cent of the national income in 1929, and, during the years immediately before World War II, 12.2 per cent, while in Britain they represented about 22 per cent; in the post-war period this figure is substantially higher: in recent years in the U.S.A. it amounts to 18–20 per cent, in Britain it exceeds 20 per cent, in Western Germany it amounts to 16–17 per cent. This means that the redistribution of the national income by means of the state budget (its receipts and expenditure aspect) has become an important instrument of economic policy and planning.

Keywords: Income Inequality; Wage Rate; National Income; Socialist Economy; Nominal Wage (search for similar items in EconPapers)
Date: 1968
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15245-2_10

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DOI: 10.1007/978-1-349-15245-2_10

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