The Framework of Government Control

I. C. R. Byatt

Chapter 3 in Strategic Planning in Nationalised Industries, 1984, pp 67-87 from Palgrave Macmillan

Abstract: Abstract As the nationalised industries are very diverse and have a wide range of social obligations, any framework of control has inevitably to be either very general so as to be applicable to all the industries, or differentiated between industries and tailored to the particular circumstances of each. In practice the framework adopted has been of the former kind. It has, by and large, been a financial framework, but one that has evolved over the years, from an obligation to break even ‘taking one year with another’ to a complex mechanism involving short-term external financing limits (EFLs), medium-term financial targets and performance aims. It is likely to develop further in the coming years.

Keywords: Marginal Cost; White Paper; Government Control; Financial Target; Marginal Cost Price (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07114-2_4

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DOI: 10.1007/978-1-349-07114-2_4

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