The Government's adoption of the golden rule has increased the importance of distinguishing between current and capital spending, and the Government has signalled its interest in looking at the public sector balance sheet.
This article,
- describes the balance sheet data available and trends in public sector assets and liabilities
- outlines the Government's fiscal policy framework and discusses how the balance sheet might fit, looks at how balance sheets are measured and what should be included
- looks at developments that could help meet the requirements of fiscal policymakers.
Published in web format: 1 November 1998 at 9:30 am
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