Local Government Budgets Stressed by Population Decline? – An Analysis of Residual Costs for the Local Communities of Styria in Austria

2012 ◽  
Vol 10 (2) ◽  
pp. 111-128 ◽  
Author(s):  
Kathrin Lais ◽  
Marianne Penker
Keyword(s):  
Fiscal Federalism ◽  
Public Expenditure ◽  
Population Decline ◽  
Empirical Support ◽  
Theoretical Explanation ◽  
Natural Monopoly ◽  
Public Expenditures ◽  
Medium Term ◽  
The Public ◽  
Cost Curves

This article looks into the effects of population decline on local public expenditure. It starts with a theoretical explanation of so-called residual costs, i.e. cost curves of shrinking communities lying above those of growing. Data at the community level of the state Styria (Austria) on expenditure categories which have natural monopoly characteristics from 1997-2007 provides empirical support that expenditure per capita grew significantly stronger in shrinking communities than in growing communities. These results provide evidence that at least some of the public expenditures cannot be adjusted to the population decline in the medium term. Keywords: residual costs • local public expenditure • population decline • infrastructure • Austria • fiscal federalism

scholarly journals The Relationship between Public Expenditure and Bureaucratic Quality: The Case of Eurasian Economies

2013 ◽  
Author(s):  
Gökhan Dökmen ◽  
Özcan Sezer
Keyword(s):  
Public Expenditure ◽  
Panel Data Analysis ◽  
Dynamic Panel Data ◽  
Public Expenditures ◽  
Controversial Issues ◽  
Publicly Provided Goods ◽  
The Public ◽  
Goods And Services ◽  
Political Variables

One of the controversial issues among researchers in the field of public finance is estimating the determinants of public expenditures. It’s argued that public expenditure is determined by economic as well as demographic, social and political variables. One of the important element of political variables is bureaucracy. If bureaucracy, as one of the main actors of political decision making process, works in quality, effectiveness and efficiency would occur in publicly provided goods and services. In parallel with the good quality of bureaucracy, the size of state would become smaller. The purpose of this study is to test empirically between efficient bureaucracy and public expenditure, using dynamic panel data analysis of 6 Eurasian Economic Community countries from 1998 to 2011. This study finds evidence that existence of bureaucratic quality reduces the public expenditures.

scholarly journals THE FUNCTIONS OF PUBLIC EXPENDITURES IN PUBLIC MANAGEMENT, ECONOMIC AND SOCIAL SYSTEMS OF A COUNTRY

2021 ◽  
pp. 35-50
Author(s):  
Bohdan MALYNIAK
Keyword(s):  
Market Economy ◽  
Social System ◽  
Public Management ◽  
Public Expenditure ◽  
Social Systems ◽  
Public Expenditures ◽  
Public Authorities ◽  
The Public ◽  
Goods And Services ◽  
Functional Purpose

Introduction. The functions of public expenditures reveal their intended purpose in the regulation of various processes and explain their role in the attainment of specific goals. Scientific literature provides extensive insights into definitions of budget functions in market democracies, but the functional purpose of public expenditures is covered only fragmentarily. The purpose of the article is to present a scientific substantiation for the system of public expenditure functions in the market democracies. Results. Based on the analysis of public expenditure functions, we believe that it would be feasible to substantiate the functions separately for each of the two main spheres directly affected by public expenditures, namely public management and the economic and social system of the country. In the public management sphere, public expenditures perform the functions of control and planning (programming). The essence of the planning function consists in using public expenditures to create conditions and provide necessary incentives for rational performance-based planning of the activities carried out by public authorities, as well as for attainment of target performance indicators by applying the results-oriented budgeting method. The function of control is preconditioned by the specifics of public management system functioning in a democratic society, which consists in assuring that the society has control over activities of public authorities. The influence of public expenditures on the national economy and its social system occurs through functions of allocation, redistribution and stimulation. The function of allocation consists in providing the population with goods and services that cannot be supplied by the market economy in sufficient volumes. The essence of the redistribution function consists in using public expenditures with the aim of decreasing income inequality among members of the society, regional development of territories or solving other tasks. The public expenditure function of stimulation aims to stimulate certain directions of economic activity by means of changing the volumes, components or structure of public expenditures through different mechanisms of their realization. Conclusions. In result of performing a theoretical study of the functional purpose of the budget in a market economy and a critical analysis of scientific postulates allow us to substantiate the feasibility of identifying the following functions of public expenditures: planning (programming), control, allocation, redistribution, and stimula tion.

Medium-Term Planning in UK Nationalised Industries: An Enquiry

1978 ◽  
Vol 84 ◽  
pp. 57-64
Author(s):  
T.D. Sheriff
Keyword(s):  
Growth Rate ◽  
Gross Domestic Product ◽  
Public Expenditure ◽  
National Income ◽  
White Paper ◽  
National Plan ◽  
Medium Term ◽  
The Public ◽  
Distribution Of Resources ◽  
The Government

There is now, of course, no official medium-term National Plan. The Government in recent years has published very little about possible medium-term developments. In the Public Expenditure White Paper, from December 1972 up to February 1976, there was a single table outlining the possible evolution of the economy over the four-year period which the public expenditure forward estimates cover. In the last two public expenditure white papers, even this single table has been dropped. In the latest paper there is the highly tentative suggestion that gross domestic product might rise at 3½ per cent a year up to 1979-80—but nothing is said about the macro-economic assumptions for later years. There is now no table showing the distribution of resources which might accompany this growth-rate—merely a text reference which says that ‘a rise in the proportion of national income devoted to industrial investment is essential…’

scholarly journals Public Expenditures Priorities between Human Development Requirements and Funding Constraints

Webology ◽  
2021 ◽  
Vol 18 (2) ◽  
pp. 1224-1235
Author(s):  
Dr. Dhiaa Hussein Saud ◽  
Dr. Mazen Dawood Salman ◽  
Dr. Amro Hisham Mohammed
Keyword(s):  
Human Development ◽  
Global Economy ◽  
Public Expenditure ◽  
Public Spending ◽  
Federal Budget ◽  
Public Expenditures ◽  
Economic Sectors ◽  
The Public ◽  
Oil Markets ◽  
Public Money

Interest in the issue of public Expenditures (spending) priorities increases in times of financial and economic crisis, when restrictions on government funding grow, and financial markets stumble in providing financing channels with the necessary liquidity, as well as when paying attention to increasing the efficiency and productivity of public spending, by reducing the waste of public money and pursuing its allocation between different economic sectors to achieve the public benefit as much as possible and at the lowest possible cost. Among the discussions being raised in this regard is where the priority lies in spending is on sectors that support human development such as (education, health and public services), or the priority of spending on other sectors (which may hinder human development and delay the development of states and civil societies) such as military sectors, armaments, military industries and related sectors. Because each side has its arguments and evidence of modern economic and human experiences, it is difficult to resolve the controversy in a certain direction and ignore the opinion of the second party, but what concerns us is the situation of our country and our society and the economic and social pressures and renewed threats from time to time, and what is the most objective and credible reading of the authors of the philosophy of the Iraqi economy, and its emerging priorities developed after 2003, through the trends of the federal budget in this country. Given the financial crisis that is ravaging the global economy as a result of the Corona pandemic and the great isolation measures Great Lockdown and the repercussions of this crisis on the Iraqi economy as a result of the collapse of the world oil markets, so discussions are escalating in the field of rationalization and efficiency of government public spending, and because the general budget depends on the general revenues on oil revenues by more than 90% in most years after 2003, so an external shock or collapse in the oil market affects the revenues of the general budget, and therefore there is a situation The uncertainty of budget planners and implementers in collecting the revenues required to cover the public expenditure side, and the most important items of governing public expenditure, namely employee compensation, support for the poor and others.

The Impact of the Public Expenditure Cuts Policy on the Labor Market in Vietnam

2012 ◽  
pp. 22-46
Author(s):  
Huong Nguyen Thi Lan ◽  
Toan Pham Ngoc
Keyword(s):  
Labor Market ◽  
Computable General Equilibrium ◽  
Impact Evaluation ◽  
Public Expenditure ◽  
Computable General Equilibrium Model ◽  
Living Standard ◽  
Input Output ◽  
Policy Makers ◽  
The Public ◽  
The Impact

The purpose of this study is to evaluate the impact of public expenditure cuts on employment and income to support policies for the development of the labor mar- ket. Impact evaluation is of interest for policy makers as well as researchers. This paper presents a method – that is based on a Computable General Equilibrium model – to analyse the impact of the public expenditure cuts policy on employment and income in industries and occupations in Vietnam using macro data, the Input output table, 2006, 2008 and the 2010 Vietnam Household Living Standard Survey.

التأثيرات السياسية في استدامة الدين العام في موازنة العراق 2019

2020 ◽  
Vol 2020 (66) ◽  
pp. 1-26
Author(s):  
م.م أحمد حامد جمعة ◽  
◽  
د. كمال فيلد البصري
Keyword(s):  
Public Debt ◽  
Public Spending ◽  
The Political ◽  
Financial Policy ◽  
Public Expenditures ◽  
Public Budget ◽  
Political Decision ◽  
The Public ◽  
Public Benefit ◽  
Political Impact

This study clarifies the analysis of the reality of the financial policy in the budget of Iraq 2019, and that analysis is evaluated by tracking the elements of the public budget from public expenditures and public revenues, and the study focuses on the size of the political impact on the path of public spending, as well as the analysis of public spending and revenues in various sectors and sections of the public budget. This study also shows the size of the risks resulting from the continuation of the financial deficit, as well as the risks of public debt according to the indicators of its sustainability analysis within the financial and economic indicators that express the risks of public debt. The study emphasized that public spending is still based on the political decision and does not achieve the principles and objectives of the economic budget that achieve the public benefit. The necessity requires efficient spending and fair distribution in order to avoid future public debt risks and their impact on future generations

THE ROLE OF ACCOUNTING IN PUBLIC EXPENDITURE AND MONETARY POLICY IN THE FIRST CENTURY AD ROMAN EMPIRE

1995 ◽  
Vol 22 (2) ◽  
pp. 117-129 ◽  
Author(s):  
David Oldroyd
Keyword(s):  
Monetary Policy ◽  
Roman Empire ◽  
Financial Planning ◽  
Public Expenditure ◽  
First Century ◽  
Financial Control ◽  
The Public ◽  
Monetary System ◽  
Epigraphic Evidence

Previous authors have argued that Roman coinage was used as an instrument of financial control rather than simply as a means for the state to make payments, without assessing the accounting implications. The article reviews the literary and epigraphic evidence of the public expenditure accounts surrounding the Roman monetary system in the first century AD. This area has been neglected by accounting historians. Although the scope of the accounts supports the proposition that they were used for financial control, the impetus for keeping those accounts originally came from the emperor's public expenditure commitments. This suggests that financial control may have been encouraged by the financial planning that arose out of the exigencies of funding public expenditure. In this way these two aspects of monetary policy can be reconciled.

scholarly journals Intergenerational Upward (Im)mobility and Political Support of Public Education Spending

2021 ◽  
Author(s):  
Debora Di Gioacchino ◽  
Laura Sabani ◽  
Stefano Usai
Keyword(s):  
Public Education ◽  
Political Support ◽  
Public Expenditures ◽  
Education Spending ◽  
The Public ◽  
Education Decisions ◽  
Low Education ◽  
Public Education Spending ◽  
Country Specific

AbstractThis paper provides a simple model of hierarchical education to study the political determination of public education spending and its allocation between different tiers of education. The model integrates private education decisions by allowing parents, who are differentiated according to income and human capital, to top up public expenditures with private transfers. We identify four groups of households with conflicting preferences over the the size of the public education budget and its allocation. In equilibrium, public education budget, private expenditures and expenditure allocation among different tiers of education, depend on which group of households is in power and on country-specific features such as income inequality and intergenerational persistence in education. By running a cluster analysis on 32 OECD countries, we seek to establish if distinctive ‘education regimes’, akin to those identified in the theoretical analysis, could be discerned. Our main finding is that a high intergenerational persistence in education might foster the establishment of education regimes in which the size and the allocation of the public budget among different tiers of education prevent a stable and significant increase of the population graduation rate, thus plunging the country in a ‘low education’ trap.

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