PPT-UK Fiscal Strategy

Presentation to Wim Drees Foundation for Public Finance Conrad Smewing Deputy Director Fiscal Policy and Statistics April 2011 UNCLASSIFIED Overview of presentation Origin of the UK fiscal deficit. Austerity vs. Stimulus. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. REAI Alumni . Advisory . Board . Harvard . Faculty . Club, 9:25 . – . 10:25, April 25. th. , 2014. . Definitions. Changes in federal taxes and purchases . Where does the government spend its money?. Federal Government . Spending, 2010. Fiscal Policy. An Overview of Government Spending and Taxes. The Federal Government’s Share of Total Government Expenditures, . Tokyo Fiscal Forum. Tokyo, 10-11 June 2015. José Luis Escrivá. Fiscal local government overview. 2. Three highly decentralized countries with high level of local government debt. Tokyo Fiscal Forum, 10-11 June 2015. Charles Wyplosz. The Graduate Institute, Geneva. Council for Budget Responsibility of Slovakia. Seminar on Macroeconomic and Fiscal Issues. Bratislava, May 5, 2014. . Do we need a fiscal union?. No. Welfare reform: context and consequences. David Phillips, Institute for Fiscal Studies. © Institute for Fiscal Studies . Coming up. Tax and welfare reforms and their distributional impact. Fiscal and budgetary context. Federal budget process and recent history of outlays, tax revenues, deficits, and debts. Supply-Side Economics. Controversies on effects of deficits on investment, saving, and economic growth. Fiscal policy as a stabilization tool. 6th . PRC-ADB . Knowledge Platform on PPP. Binyam. . Reja. , Ph.D.. Lead Transport Specialist and . Cluster Leader for China Transport. November 26, 2014. World Bank Beijing Office, China . Disclaimer: . Monetary Policy. Fiscal and Monetary Policy. The Nature of Fiscal Policy. THE NATURE OF FISCAL POLICY. The purpose of fiscal policy. correcting a fundamental disequilibrium. fine tuning. Government finances. Tapas K. Sen. Aspects of Fiscal Management. Fiscal Policy. The context – objectives – tools – limitations. Fiscal Institutions. Finance Ministry/ Departments – Legislature and its agencies – Reserve Bank of India – Finance Commission – Planning Commission – CAG. . Policy. U. nit Overview. The Government Budget. Sources of government revenue. Types of government expenditures. The budget outcome. The. Role of Fiscal Policy. Fiscal policy and short-term demand management. and Revenue Proposals and Division of Revenue. For an Equitable Sharing of National Revenue. 01 March . 2016. Outline. Key Messages and General Economic Outlook. Macro Outlook and Long-Term Fiscal Risks. Fiscal Policy: . Changes in the level of government spending and taxation aimed at either increasing or decreasing the level of aggregate demand in an economy to promote the macroeconomic objectives. Fiscal policy is a type of . and the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. IPSAS vs. GFS. Previously, the focus was on next year/detailed appropriations. Fiscal policy was relatively poor. The new PFA is looking to at least 5 years regarding policies on expenditure areas, revenues and taxes.