Government spending

Government spending

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Government spending

Showing 581 – 600 of 861 results

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Ultra-low interest rates come with a high price for future generations

Comment

Many things determine our living standards. Most important is what goes on in the labour market. In the end, levels of employment and earnings matter more than anything. Then there are the taxes and social security benefits set each year by the chancellor. The consequences of all these for households, and in particular the distributional consequences, are pored over in great detail.

9 August 2016

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Determining “what works” in local councils – the case of ‘Street Champions’ in Lambeth

Event 11 July 2016 at 10:30 <p>Tothill Street, London, SW1H 9NQ</p>
At this event, we will be launching the first set of results to come out of the evaluation on different ways to get citizens more involved in the delivery of public services. IFS researchers will present the empirical results and policy implications of the evaluation, whilst representatives from Lambeth Council will talk about their experience of the trial.
Journal graphic

US Fiscal Sustainability and the Causality Relationship between Government Expenditures and Revenues: A New Approach Based on Quantile Cointegration

Journal article

This paper first aims to reinvestigate the issue of US fiscal sustainability by using the quantile cointegration approach proposed by Xiao (2009 and 2012). Our empirical evidence indicates a quantile-dependent cointegrating relationship between government expenditures and revenues. In addition, this paper examines the long-run causality relationship between expenditures and revenues by using the vector error-correction (VEC) model with coefficients based on the different quantiles. Findings from the long-run Granger-causality analyses support the spend-and-tax hypothesis. Our investigation suggests that the government should show more discretion in increasing expenditures in the long run. Moreover, budget deficit reduction can only be achieved through reductions in government expenditures.

6 June 2016

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Electoral Competition as a Determinant of Fiscal Decentralisation

Journal article

This paper estimates the effect of government electoral strength on fiscal decentralisation. Using a panel of democracies, we find that greater government electoral strength at the central level, measured by the share of seats held by the governing party in the legislature, reduces expenditure centralisation. Revenue centralisation is less affected by electoral strength.

6 June 2016

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Brexit and the UK’s public finances

Report

This report examines both the direct and indirect effects of Brexit on the UK’s public finances, based on a comprehensive review of studies analysing the short- and long- term economic effects of Brexit.

25 May 2016

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Sugary drinks tax: response from the Institute for Fiscal Studies

Comment

In their Correspondence (March 19, p 1162),1 Peter Scarborough and colleagues correctly quote us as saying that “the efficacy of [a sugary drinks tax] will depend on what products [consumers] switch to and how firms change their prices”, stating that we “based [our] conclusions on economic theory without reference to the evidence”. We agree that the magnitude of consumer response is an empirical question. Our Green Budget chapter2 neither supported nor opposed the proposed sugary drinks tax, but rather aimed to highlight some of the complexities surrounding such a tax and where the evidence base should be improved. We also do not dispute the unsurprising finding that consumption of sugary drinks fell in countries in which a sugary soft drinks tax had been introduced. We disagree, however, that concerns about substitution responses can be lightly dismissed.

7 May 2016

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Long-Run Trends in School Spending in England

Report

The government has committed to freezing school spending per pupil in cash terms in England up to 2019–20. It has also committed to introducing a national funding formula for schools in England from 2017 onwards. In this report, we provide historical context for these changes by showing how spending per pupil has evolved since the 1970s – comparisons that were previously unavailable. We also provide the first estimates of total school spending received across different cohorts over time and the variation within individual cohorts.

15 April 2016

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The EU Budget: a guide

Comment

In a new report out today IFS researchers provide an explanation of how the EU budget works, its size, where revenues come from and what the main areas of spending are. They also provide an estimate of the UK’s net contributions to the EU. The overall net contribution will be a little over £8 billion a year going forward, though it fluctuates from year to year and was £7.5 billion in 2012, £9.1 billion in 2013 and £5.7 billion in 2014.

6 April 2016

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The public finances

Presentation

This presentation was given at the IFS post-Budget presentation on 17 March 2016.

17 March 2016

The Treasury

Budget 2016

Collection
After each Autumn Statement, Budget and Spending Review, we publish analysis of the Chancellor's proposals and reforms.

11 March 2016

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Workforce quality in the public sector

Event 19 February 2016 at 09:30 <p>7 Ridgmount Street<br />London<br />WC1E 7AE</p>
This workshop draws together recent innovative research on the measurement of public sector workforce quality and of the effect of pay on quality and of quality on outcomes in different parts of the public sector. The workshop will be of interest not just to economists interested in the labour market and in public finance, but also to practitioners working in the field of pay-setting, pay regulation, and public policy.
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Risks to the rules: public spending

Book Chapter
The government intends to reach a budget surplus of 0.5% of national income in 2019–20 by increasing tax revenues over this parliament by 1.1% of national income and reducing total public spending by 3.2% of national income. Total public spending (excluding housing associations) in 2019–20 would then amount to 36.1% of national income. This would be the lowest level of public spending for 60 years, with the exception of 1999–2000 and 2000–01.

8 February 2016

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Risks to spending

Presentation

This presentation was given at the launch of the IFS Green Budget 2016.

8 February 2016