Commentary: Fiscal Policy and the Fiscal Position

Abstract

As economics has developed, a number of different fiscal principles have been suggested. Perhaps the oldest principle was that the Government should balance its books. This principle was adopted by the 1979 Conservative Government but they delivered a budget in balance or in surplus only in 1988/89 and 1989/90. The same principle has been adopted in the… (More)

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Cite this paper

@inproceedings{Weale2009CommentaryFP, title={Commentary: Fiscal Policy and the Fiscal Position}, author={Martin R. Weale}, year={2009} }