Hostname: page-component-78c5997874-m6dg7 Total loading time: 0 Render date: 2024-11-15T15:29:18.225Z Has data issue: false hasContentIssue false
  • English
  • Français

Fiscal Report

Published online by Cambridge University Press:  26 March 2020

Garry Young
Get access Rights & Permissions [Opens in a new window]

Extract

There has been a substantial improvement in the financial position of the public sector over the past year. The PSBR is expected to fall from 3 per cent of GDP in 1996/97 to about 1¼ per cent of GDP in the current fiscal year. The restrictive policy promised over a number of years, together with the effects of the economic cycle, is now having the desired effect. Further action by the new government to raise the tax burden has also improved the outlook for the public finances. Public borrowing is expected to continue to fall and the public sector balance sheet should begin to improve from the start of this year.

Type
Articles
Information
National Institute Economic Review , Volume 163 , January 1998 , pp. 27 - 36
Copyright
Copyright © 1998 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Pain, N., Weale, M. and Young, G. (1997), ‘Britain's fiscal problems’, Economic Journal, 107, 1142–1156.CrossRefGoogle Scholar
Pain, N. and Young, G. (1996), ‘The UK public finances: past experience and future prospects’, National Institute Economic Review, 158,27–35.CrossRefGoogle Scholar