This paper analyses the main features of Iceland’s public expenditure and addresses some key policy issues. While … expenditure-to-GDP in the 1990s, but since then the ratio has edged up again. This highlights the need for enhancing spending … control through further reforms. Indeed, although the expenditure management system has undergone significant changes over the …

This paper reviews the public expenditure system in the Czech Republic and the scope for its reform. In recent years …. Moreover, it would reduce the potential for expenditure creep and facilitate macroeconomic policy making, as would the …

short-run and long-run. There is a long-run cointegration relation among real government expenditure, real GDP and the size … of population where government expenditure is positively tied with the real GDP (1.14), per capita GDP (1.51) and … population size (0.21). Both the real GDP and GDP per capita Granger cause total government expenditure to change. Population …

We introduce a model of redistributive income taxation and public expenditure. Besides redistributing personal income … expenditure and on the substitutability between the goods and services supplied by the government and the consumption goods … specific composition of the government expenditure in the provision of goods and services. We confirm that for lower …

expenditure may exert an effect on the economic growth rate through the positive externality in the productivity of the capital … stock. When public expenditure in the households' utility function is considered, a further effect operates to modify the … households consider public expenditure to be useful, I shall show that - whatever the exogenous fiscal policy may be - the growth …