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Budgeting and governing for deficit reduction in the UK public sector: act 2 'the annual budget'

Lookup NU author(s): Professor Laurence Ferry, Dr Peter Eckersley

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Abstract

This paper explains how the UK government sets its annual budgets within the context of multi-year spending reviews, yet was able to announce policies in the 2011 annual budget that sat outside the 2010 spending review framework. As such, it illustrates that the budget process remains an enabler of changing circumstances and is not constrained by medium-term financial planning. This finding has implications for other jurisdictions that may be considering how best to balance annual flexibility with multi-year stability in public spending.

Publication metadata

Author(s): Ferry L, Eckersley P

Publication type: Article

Publication status: Published

Journal: Public Money & Management

Year: 2012

Volume: 32

Issue: 2

Pages: 119-125

Print publication date: 01/01/2012

Date deposited: 28/03/2014

ISSN (print): 0954-0962

ISSN (electronic): 1467-9302

Publisher: Routledge

URL: http://dx.doi.org/10.1080/09540962.2012.656017

DOI: 10.1080/09540962.2012.656017

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