Financing Devolution in Practice: The Barnett Formula and the Scottish Budget, 1999-2003

Arthur Midwinter

Public Money & Management, 2004, vol. 24, issue 3, 137-144

Abstract: This article examines the impact of the Barnett formula on the Scottish public finances since devolution. Forecasts of a spending squeeze and budgetary constraint have not materialized and Scotland's share of the UK budget has remained stable. The real budgetary problem for the Scottish Parliament has been managing spending growth not squeeze. While there are calls to replace Barnett, its benefits in terms of providing budgetary stability and the flexibility to deal with specific funding problems are significant and Barnett is well suited to the incremental approach through which the British public finances are managed.

Date: 2004
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1111/j.1467-9302.2004.00410.x (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:pubmmg:v:24:y:2004:i:3:p:137-144

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RPMM20

DOI: 10.1111/j.1467-9302.2004.00410.x

Access Statistics for this article

Public Money & Management is currently edited by Michaela Lavender

More articles in Public Money & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().