Spending, Taxing & Borrowing

Peter Curwen

Chapter 3 in Understanding the UK Economy, 1990, pp 103-130 from Palgrave Macmillan

Abstract: Abstract Our purpose in Chapter 3 is to describe the components of the UK fiscal system and to provide an up-to-date statistical analysis of government expenditure, taxes and borrowing. It does not seek to discuss the philosophy and mechanics of fiscal policy as such, which is left to the concluding Chapter 9, because it is unhelpful to discuss fiscal policy independently of monetary policy. Furthermore, it is impractical to discuss the use of policy instruments until all of the relevant policy objectives have been thoroughly reviewed, and their interrelationships assessed.

Keywords: Public Expenditure; Public Spending; Excise Duty; Unearned Income; Planning Total (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-20586-8_4

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