StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Goal of the Public Expenditure Cuts Has Not Been Achieved - Term Paper Example

Comments (0) Cite this document
Summary
This work "Goal of the Public Expenditure Cuts Has Not Been Achieved" focuses on the consequences of the spending cuts in the public sector by highlighting some of the critical areas of public service. The author outlines the adverse impacts following the tightening of public sector budgets across the board. This work also investigates the effectiveness of spending cuts. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Goal of the Public Expenditure Cuts Has Not Been Achieved
Read TextPreview

Extract of sample "Goal of the Public Expenditure Cuts Has Not Been Achieved"

Download file to see previous pages In that light, the goals of these spending cuts were to help reduce signs and even eliminate government borrowing; this paper evaluates whether the spending cuts imposed by the UK government were successful in achieving the anticipated outcomes. Similarly, this paper will critically analyze the consequences of the spending cuts in the public sector by highlighting some of the critical areas of public service that have suffered adverse impacts following the tightening of public sector budgets across the board. this paper proposes that since the UK governments’ Annually-managed Expenditure (AME) has been on an upwards trend just like the Departmental Expenditure Limits (DEL), public spending remains as high as before the cuts were implemented, which implies that the spending cuts have not yet achieved their goals.
The UK government’s cuts in public spending in 2010 are undoubtedly the largest since World War II, following a gradual decline in the public finances and steady increase in the annual borrowing and the accumulation of public debt respectively (HM Review 2010, p.6). The deep spending cuts were aimed at reducing the borrowing to help stabilize the UK’s public finances; the government had projected that by the year 2014-2015, cuts to public spending would yield nearly 73% of UK’s fiscal stability while the remaining 27% would come from an increase in the discretionary net tax (Crawford, Emmerson, Phillips, & Tetlow 2011, p.130). The planned reduction in borrowing targeted to reduce public spending from a high of 47.4% of national income as in 2010 to an average of 39.3 in 2015; in the 2010 Spending Review, the UK government broadly outlined the areas that were to be affected by the cuts, including the department for housing, higher education, as well as the Department for Environment, Food, and Rural Affairs. Similarly, the local authority grants, as well as the Home Office and the Ministry of Justice, suffered major cuts in the spending review; contrariwise, the Department of International Development, as well as the Department of Energy and Climate Change, experienced large spending increases. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Goal of the Public Expenditure Cuts Has Not Been Achieved Term Paper - 2, n.d.)
Goal of the Public Expenditure Cuts Has Not Been Achieved Term Paper - 2. https://studentshare.org/macro-microeconomics/1819333-public-policy
(Goal of the Public Expenditure Cuts Has Not Been Achieved Term Paper - 2)
Goal of the Public Expenditure Cuts Has Not Been Achieved Term Paper - 2. https://studentshare.org/macro-microeconomics/1819333-public-policy.
“Goal of the Public Expenditure Cuts Has Not Been Achieved Term Paper - 2”. https://studentshare.org/macro-microeconomics/1819333-public-policy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Goal of the Public Expenditure Cuts Has Not Been Achieved

Tax Cuts

... as well as a decrease in serious taxes for the sake of the people. The expansionary fiscal policy corrects the issues which have engulfed the business-cycle contraction regimes and saves on the taxes count in essence. Similarly the tax multiplier realizes the notion that an autonomous change within the taxes would not result in an equal change in the aggregate expenditures which drastically cut down on the taxes bit. The economy can suffer immensely if there are a number of taxes which are imposed on it from different regions and zones (Sexton, 2005). The need is to pull up the socks and find the best mechanism forward to link up the ailing economic zones with the aggregate demand issues which remain very quintessential under...
2 Pages(500 words)Essay

Budget Cuts

...? There are many possible solutions to issues on budget cuts in school districts at the middle and high school level. But for me, the most practical suggestion I can give to this issue is to have a double shift in teaching. The first shift is from 6am to 12pm and the second shift is from 1pm to 7pm. The main objective of this double shift is to make sure that every student will be given an opportunity to learn without being able to sacrifice their capacity of learning. There will be a lesser teacher-student ratio. With a lesser number of students in the classroom, the teacher will be able to focus his attention to the students to enhance students’ achievement and make sure to meet the AYP demands. Both the first shift and second shift...
1 Pages(250 words)Essay

EXPENDITURE PLANNING AND CONTROL

... Planning and Control – Assignment 1 I. Introduction I have been instructed by the main contractor (‘the Contractor’) to prepare a report in relation to a construction project which has experienced significant problems from the get go, which have resulted in delay and disruptions during the course of the Works. These delays and disruptions have inevitably affected the Contractor’s ability to complete the work in a timely fashion. This report provides an independent assessment of the surrounding particulars and contract documentation with a view to resolving the matter. I have specifically been instructed to include in the report the following points: an analysis of the delays; extension of time (‘EOT’); liquidated damages; valuation of work...
7 Pages(1750 words)Essay

Consumer Expenditure

... Consumer expenditure The rising economy in the 21st century has made expenditure among consumers decline significantly. Apart from declining, expenditure on consumer products has become very calculative. According to Barro many consumer households have cut expenditures on secondary goods (87). The purchase of secondary goods has decreased significantly with many consumers opting to only purchase the goods the most require. This trait would be greatly attributed to the harsh economy and increasing unemployment cases. Across the globe the consumer population is always complaining on the prices of commodities. The most affected continent is Europe. For instance in Spain and Greece consumers have turned into investing instead of expenditure...
4 Pages(1000 words)Assignment

When Budget Cuts Threaten Public Safety

... parole with no oversight, repeal the massive numbers of newly enacted felony sentencing laws, or build new prisons. Almost nobody within the corrections and law enforcement community sees the early release program as a good option. It has been characterized as everything from "not good public policy" by Vacaville Police Chief Richard Ward to "an act of insanity" by Kern County District Attorney Edward Jagels (Thompson, 2008). While the author reports on research that indicates the program will not increase the crime rate, most crime experts feel otherwise. Most people interviewed for the article expressed the opinion that if the criminal community knows that that they will not be sent to prison, they will have no deterrent to committing...
3 Pages(750 words)Assignment

Finance & Public Expenditure in Scotland Since Devolution

... Assigned Budget will be subjected to the Scottish Parliament’s final approval so as to ensure that they stick with closely with the UK government priorities. Since 1980, the UK Treasury has been using the Barnett formula when allocating the funds throughout the devolved territories including Scotland. In line with the use of the Barnett formula, the ‘population-based proportion’ has been applied to Scotland, Wales and Northern Ireland accordingly based on the total public spending in UK. (HM Treasury, 2007: p. 1) Basically, the Barnett formula determines the additional changes needed in the public expenditures of Scotland and Wales. Considering the past decisions made in the allocation of funds for the public expenditures, the Barnett...
14 Pages(3500 words)Essay

Tax Cuts

...Tax Cuts to Revive the Economy Number of Words: 534 Introduction Throughout the history of the U.S. economy, most of the previous presidents such as John F. Kennedy, Ronald Reagan, and George W. Bush believed that tax cuts or the act of reducing the taxes paid by the tax-payers is a good economic strategy that could enable the U.S. government revives a slow-growth economy. Although there are rumors suggesting that tax cuts could result to a long-term budget deficits, economists during the Bush administration strongly believe that implementing tax cuts is sufficient enough to stimulate investment and public spending (Riedl, 2007). Using the economic terms tackled in class, ways in which tax cuts could help revive the U.S. economy...
2 Pages(500 words)Essay

Public Sector Pay Cuts

...Public Sector Pay Cuts Public Sector Pay Cuts Introduction It is suspected that the Chancellor, George Osborne in conjunction with the treasury arranges to lower pay rates for some public sector employees in the U.K. This has evoked a lot of concern among workers unions, and government and the public sector workers. They regard this proposal as being foolish, imminent and likely to lead to potential unintended effects. This idea has not been well embraced by most of the people. As a result, the government, the public sector and the unions have prominently expressed their criticism and dissatisfaction with the issue. Government The implications of this proposal will include lack of job creation in some parts of the UK due to the lower...
4 Pages(1000 words)Essay

How have public sector spending cuts affected Government outsourcing

...The impact of UK public sector spending cuts on the government outsourcing Impact of UK government public sector spending cuts on government outsourcing Introduction The core objectives of public spending cuts are to attain operational efficiency and reduce the government costs of public goods (Flynn, 2012). The UK government is currently outsourcing public sector processed such as IT solutions for the social security programs, asset registration, taxation and pension. Outsourcing entails contracting out the public sector services to a private provider to provide services on behalf of the government. The UK government is reducing public spending in order to reduce the government debt and improve efficiency in public services delivery...
2 Pages(500 words)Essay

Consumption expenditure

... experienced a marginally slower standard compound growth of GDP in five years after the economic downturn; this is also the same for the service industry. In quarter four of 2014, only the production and service industry outperformed the post-downturn growth rates of the headline industry. Within the insurance, financial and service industries have exhibited certain strengths when compared to the 5-year average. The development in services has also been supported by the accommodation and service industries. Question 5 Consumption is the expense disposed on the services and goods. There are a number of determinants that affect the short-run consumption expenditure. Some of these determinants include disposable income...
4 Pages(1000 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Goal of the Public Expenditure Cuts Has Not Been Achieved for FREE!

Contact Us