Public Finance and Debt Management

  • R. W. Evans
  • G. H. Makepeace


It is becoming a commonplace to point to the growing importance of the public sector — defined as including central government, local authorities and nationalised industries — as both a purchaser of goods and services and as a taxer and/or subsidiser of other sectors’ incomes. This activity not only has direct implications for the state of the economy, through effects on aggregate demand, but it also has indirect effects through the manner in which it is financed. The financial implications of past public-sector spending and revenue-raising are of further importance. It is the purpose of this chapter to study these problems.


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  1. A. R. Prest and D. J. Coppock (eds), The United Kingdom Economy: a manual of applied aconomics (London: Weidenfeld & Nicolson, 1978) pp. 85–92.Google Scholar
  2. Report on the Working of the Monetary System (Radcliffe Committee Report), Cmnd 827 (1959) chaps 3 and 6.Google Scholar
  3. ‘Public Sector Deficits’, National Westminster Quarterly Review (May 1974).Google Scholar
  4. ‘Distribution of the National Debt’, Bank of England Quarterly Bulletin vol. 17 (Dec 1977).Google Scholar

Copyright information

© R. W. Evans and G. H. Makepeace 1979

Authors and Affiliations

  • R. W. Evans
  • G. H. Makepeace

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