Managing Public Expenditure: Some Emerging Policy Issues and a Framework for Analysis

70 Pages Posted: 28 Jun 2012

See all articles by Paul Atkinson

Paul Atkinson

affiliation not provided to SSRN

Paul van den Noord

Organization for Economic Co-Operation and Development (OECD)

Date Written: February 1, 2001

Abstract

Van den Noord and Atkinson focus their analysis on public expenditure. They review public expenditure trends and examine public expenditure policies from three points of view (macroeconomic sustainability, allocative efficiency and technical efficiency). They discuss the experiences of OECD countries with reforms aimed at improving the cost-effectiveness of public expenditure. They acknowledge the important role of fiscal transparency in improving the quality of the policy debate and examine the OECD’s effort in this area. Van den Noord and Atkinson note that transparency can strengthen fiscal rules. While a government cannot commit itself or a successor to respecting the rules it has introduced, it can create a policy environment that pushes future governments to respect sound fiscal criteria. They also point to the usefulness of medium-term fiscal frameworks and to the need to monitor public bodies outside the budgetary process and to apply a hard budget constraint to lower levels of government.

Suggested Citation

Atkinson, Paul and van den Noord, Paul, Managing Public Expenditure: Some Emerging Policy Issues and a Framework for Analysis (February 1, 2001). Available at SSRN: https://ssrn.com/abstract=2094463 or http://dx.doi.org/10.2139/ssrn.2094463

Paul Atkinson

affiliation not provided to SSRN ( email )

Paul Van den Noord (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

Economics Department (ECO)
2 rue Andre Pascal
75775 Paris Cedex 16
France

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