Vandierendonck, C. (2014) “Public Spending Reviews: design, conduct, implementation“, European Economy, European Commission Economic Papers, 525, Ιούλιος: Βρυξέλλες.
This paper proposes to highlight the main features and key success factors of the design, conduct and implementation of spending reviews, based on the experiences of EU Member States.
Public expenditure accounts for almost half of the annual wealth created in the EU (49.0% of GDP in 2013). A major policy lesson stemming from the crisis is the need to enhance expenditure performance, which can be defined as the reinforced connection between funding decisions and policy priorities (shall this policy be funded with public money?) and subsequently between funding levels and results delivered to end-users (what is the value for public money?).
Spending reviews appear as an adequate instrument of expenditure performance. They consist in seeking a ‘smarter’ expenditure allocation across national policy priorities based on a selective and sustainable expenditure-based consolidation.
Σχετικές αναρτήσεις:
- Veugelers, R. (2014) “Undercutting the future? European research spending in times of fiscal consolidation“, Bruegel Policy Contribution, Issue 2014/6, Ιούνιος.
- Hahn, J. (2014) “Public investment under the new EU Cohesion Policy is helping Europe out of the crisis and into growth“, LSE EUROPP, 27 Μαΐου.
- Clements, B., Coady, D., De Mooij, R. & Gupta, S. (2014) “Taxing, spending, and inequality – what is to be done?“, VoxEU Organisations, 15 Απριλίου.