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Lookup NU author(s): Professor Laurence Ferry, Dr Peter Eckersley
This paper explains how the UK government sets its annual budgets within the context of multi-year spending reviews, yet was able to announce policies in the 2011 annual budget that sat outside the 2010 spending review framework. As such, it illustrates that the budget process remains an enabler of changing circumstances and is not constrained by medium-term financial planning. This finding has implications for other jurisdictions that may be considering how best to balance annual flexibility with multi-year stability in public spending.
Author(s): Ferry L, Eckersley P
Publication type: Article
Publication status: Published
Journal: Public Money & Management
Year: 2012
Volume: 32
Issue: 2
Pages: 119-125
Print publication date: 01/01/2012
Date deposited: 28/03/2014
ISSN (print): 0954-0962
ISSN (electronic): 1467-9302
Publisher: Routledge
URL: http://dx.doi.org/10.1080/09540962.2012.656017
DOI: 10.1080/09540962.2012.656017
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