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Author: David K. Foot
Publisher: University of Toronto Press
ISBN: 1487597126
Category : Political Science
Languages : en
Pages : 228
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Book Description
This detailed and informative study makes a timely contribution to a subject that has been the focus of much public discussion and debate in Ontario and elsewhere, namely the size and growth of the public sector. Working with the Public Accounts and other sources, Professor Foot offers both an historical account of, and an explanation for, the growth of provincial revenues and expenditures since the early 1950s. By concentrating on an analysis of the development of a single government over time, rather than adopting the traditional cross-section approach of analysing a number of junior-level governments. The study's conclusions are both informative and provocative. On the revenue side, a rate-base approach which separates discretionary from automatic changes in revenue determinants is shown to provide sufficient flexibility to accommodate the analysis and explanation of a wide range of specific revenues. On the expenditure side, the provincial government is found to adjust reasonably slowly to new levels of desired expenditures which appear to be determined primarily by demand variables. Of particular interest are findings which suggest that urbanization and elections have had little effect on expenditures and that available federal money has tended to be a substitute for provincial funds. In addition, the author notes that provincial expenditure patterns are consistent with either a revenue-led interpretation, where the recent availability of pension funds has stimulated expenditures, or a leading-sector interpretation, which implies a longer-run coordinated view of provincial public development. This study should stimulate a more informed discussion of the determinants and effects of provincial public finance in Ontario. It will appeal not only to those interested in the behaviour of junior-level governments but also to anyone interested in the size and growth of the public sector, in Ontario or elsewhere.
Author: David K. Foot
Publisher: University of Toronto Press
ISBN: 1487597126
Category : Political Science
Languages : en
Pages : 228
Get Book Here
Book Description
This detailed and informative study makes a timely contribution to a subject that has been the focus of much public discussion and debate in Ontario and elsewhere, namely the size and growth of the public sector. Working with the Public Accounts and other sources, Professor Foot offers both an historical account of, and an explanation for, the growth of provincial revenues and expenditures since the early 1950s. By concentrating on an analysis of the development of a single government over time, rather than adopting the traditional cross-section approach of analysing a number of junior-level governments. The study's conclusions are both informative and provocative. On the revenue side, a rate-base approach which separates discretionary from automatic changes in revenue determinants is shown to provide sufficient flexibility to accommodate the analysis and explanation of a wide range of specific revenues. On the expenditure side, the provincial government is found to adjust reasonably slowly to new levels of desired expenditures which appear to be determined primarily by demand variables. Of particular interest are findings which suggest that urbanization and elections have had little effect on expenditures and that available federal money has tended to be a substitute for provincial funds. In addition, the author notes that provincial expenditure patterns are consistent with either a revenue-led interpretation, where the recent availability of pension funds has stimulated expenditures, or a leading-sector interpretation, which implies a longer-run coordinated view of provincial public development. This study should stimulate a more informed discussion of the determinants and effects of provincial public finance in Ontario. It will appeal not only to those interested in the behaviour of junior-level governments but also to anyone interested in the size and growth of the public sector, in Ontario or elsewhere.
Author: Michael J. Piva
Publisher:
ISBN:
Category : History
Languages : en
Pages : 262
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Book Description
Michael Piva's book traces the history of Canadian public debt from before 1840 to Confederation, with particular focus on the Canadian government's policies and management in relation to that debt. This work is the first study of public finance that goes well beyond an analysis of Canadian public accounts. Piva presents a clear and thoughtful interpretation of facts and events that has some application even for modern-day deficit financing and GST.
Author: Harvey S. Rosen
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 570
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Book Description
The market-leading book takes its readers to the frontiers of current research,yet remains accessible to undergraduates.Although it draws upon the latest research, the book never loses sight of the reality it is supposed to describe, always drawing the links between economic analysis and current political issues.
Author: Richard Miller Bird
Publisher:
ISBN: 9780471640530
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
Author: Institute of Public Administration of Canada
Publisher: University of Toronto Press
ISBN: 1442642548
Category : Business & Economics
Languages : en
Pages : 385
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Book Description
Finance departments have often been portrayed as guardians of the public purse. In The Guardian, a multidisciplinary group of contributors examines the Ministry of Finance of Ontario since the Second World War. During the last sixty years the Ministry was transformed from a relatively small 'Treasury' to a sophisticated policy machine. What started as a modest bookkeeping operation evolved into a key bureaucratic and policy agency as the government of Ontario assumed a leadership position in developing the province. These essays reveal Ontario's 'finance' as a dynamic policy issue shaped by the personalities of premiers and ministers, the energies of public servants at all levels, and a critical dialogue between political and administrative worlds. Drawing on different methodologies, this collection profiles a ministry as policy entrepreneur, spender, revenue generator, capacity builder, budget director, program manager, and intergovernmental agent. The Guardian fills a significant gap in public administration literature and in so doing describes how Ontario's Ministry of Finance defined its role as 'guardian.'
Author: Irene Ip
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 346
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Book Description
When it comes to looking at Canada's public finances, most tend to focus on the federal government. Few recognize the repercussions of provincial fiscal policy on Canada's overall financial health. This document includes an overview of the provincial, local, and hospital (PLH) sector balance sheets, PLH expenditure, and financing PLH-sector expenditure. It also contains profiles of the provinces, and discusses the politics of deficits.
Author: Ontario. Ministry of Treasury and Economics
Publisher:
ISBN: 9780772919502
Category : Economic forecasting
Languages : en
Pages : 89
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Book Description
Author: Douglas Allen Lauriston Auld
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 54
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Book Description
Author:
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 378
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Book Description
Author: Larry R. Jones
Publisher: Praeger
ISBN:
Category : Political Science
Languages : en
Pages : 240
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Book Description
Authors Jones and McCaffery provide perspectives on Canadian government actions to manage financial contingency and restraint. Although the primary focus is on provincial government, attention is also paid to the actions of the federal government. The authors begin by presenting a theoretical framework through which government financial restraint management may be evaluated. In the following chapters, criteria derived from this framework are then applied to provincial government financial stress and restraint management actions. They examine the provincial economic base, revenue and expenditure trends, and financial condition. In particular, annual and cumulative budget deficits and debt loads are reviewed as indicators of the degree of financial stress faced by provincial governments. Actions taken by provinces to increase revenues and productivity, and to control expenditures, are reviewed from the early 1970s to 1987, with emphasis on the period 1983-1987. A comparison of financial stress management in the Province of Ontario and the State of California is also presented, and this comparative approach is continued in a chapter on Canadian federal government financial stress management. Finally, Canadian federal efforts to institute budget control under the Policy and Expenditure Management system are compared to budget control approaches utilized by the U.S. federal government. This unique study will improve our understanding of how the Canadian provincial and federal governments manage budgeting and financial stress. Both for the increased knowledge it offers of Canadian fiscal practices and for the insight into our own government's fiscal difficulties, scholars and students of Canadian studies, political science, public policy and administration, and economics will want to read Government Response to Financial Constraints.
