000			02759cam a22004098i 4500
001			21520559
003			KWUST
005			20230824122405.0
008			200505s2021 nyu b 001 0 eng
010			_a 2020020668
020			_a9781108496230 _q(hardback)
020			_a9781108791700 _q(paperback)
020			_z9781108866491 _q(epub)
040			_aDLC _beng _erda _cDLC _dDLC
042			_apcc
050	0	0	_aHJ7461.S38 2021
082	0	0	_a336.3/9 _223
100	1		_aSchuknecht, Ludger, _d1962- _eauthor.
245	1	0	_aPublic spending and the role of the state : _bhistory, performance, risk and remedies / _cLudger Schuknecht.
250			_a1 Edition.
263			_a2012
264		1	_aNew York : _bCambridge University Press, _c2021.
300			_axx, 283pages
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references and index.
520			_a"Public expenditure is an essential tool for governments to underpin prosperity, opportunities and freedom in our advanced countries. But discontent is spreading at a time when high spending, debt and new challenges risk overwhelming many governments. This book's four themes are, therefore, as relevant today as they are timeless: 1) The role of the state has grown enormously over the past 150 years, initially setting sound rules of the game and providing essential public goods and services. In recent decades, however, public spending has often grown more than needed and lost focus, while public debt has reached record levels. 2) There are huge differences in the 'value for money' citizens get from their governments. Public spending of 30%-35% of GDP, or perhaps 40%, suffices to do well, which is much less than the prevailing 45%-55% in many countries. 3) There are dark clouds on the horizon from risks in the social and financial sphere. If social spending trends continue, or if a new financial crisis strikes, public finances will not be sustainable in many countries. 4) Governments need to reform their expenditure and strengthen their rules and institutions to deliver better on their core tasks. This way, they will stay lean, efficient and sustainable"-- _cProvided by publisher.
650		0	_aExpenditures, Public.
650		0	_aGovernment spending policy.
650		0	_aFinancial services industry _xGovernment policy.
650		0	_aSocial policy.
776	0	8	_iOnline version: _aSchuknecht, Ludger, 1962- _tPublic spending and the role of the state _b1. _dNew York : Cambridge University Press, 2020. _z9781108866491 _w(DLC) 2020020669
906			_a7 _brip _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cBK
999			_c2469 _d2469