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The politics of budgetary surplus

Brenton, Scott.

The politics of budgetary surplus

Record Type:	Electronic resources : Monograph/item
Title/Author:	The politics of budgetary surplusby Scott Brenton.
Author:	Brenton, Scott.
Published:	London :Palgrave Macmillan UK :2016.
Description:	xv, 187 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Surplus (Economics)
Online resource:	http://dx.doi.org/10.1057/978-1-137-58597-4
ISBN:	9781137585974$q(electronic bk.)

The politics of budgetary surplus
Brenton, Scott.

The politics of budgetary surplus[electronic resource] /by Scott Brenton. - London :Palgrave Macmillan UK :2016. - xv, 187 p. :ill., digital ;24 cm.

Chapter 1. The path towards surplus -- Chapter 2. Political strategies -- Chapter 3. Types of fiscal rules -- Chapter 4. Types of expenditure cuts -- Chapter 5. The effects on public management -- Chapter 6. The Global Financial Crisis and beyond.

This book probes the hollow rhetoric of debt, deficits and austerity. It explores the decisions of parties of the left which have attempted to deflect criticisms of economic mismanagement and gain trust by depoliticising the budget process and financial management with various rules, albeit with elements of discretion. The book argues that this is a perverse form of trust as it is premised on the belief that political leaders and the public sector cannot be trusted to make appropriate decisions given the economic circumstances of the time and need rules, but at the same time that they can be trusted to follow the rules. The book also explores parties of the right, which often advocate stricter rules and which tend to be the least effective. The book describes how few conservative governments have admirable records on sustained surpluses, given a propensity for unsustainable tax cuts, and the future opportunities this provides to advance a political program of deeper spending cuts. Scott Brenton is a political scientist in the Melbourne School of Government at the University of Melbourne, Australia. He has previously worked at the Australian parliament and held teaching and visiting appointments at Australian, British and Scandinavian universities. He has published widely on issues of democratic accountability.

ISBN: 9781137585974$q(electronic bk.)

Standard No.: 10.1057/978-1-137-58597-4doiSubjects--Topical Terms:

351529
Surplus (Economics)

LC Class. No.: HB206 / .B74 2016

Dewey Class. No.: 336.3

The politics of budgetary surplus
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245 1 4 $a The politics of budgetary surplus $h [electronic resource] / $c by Scott Brenton.
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505 0 $a Chapter 1. The path towards surplus -- Chapter 2. Political strategies -- Chapter 3. Types of fiscal rules -- Chapter 4. Types of expenditure cuts -- Chapter 5. The effects on public management -- Chapter 6. The Global Financial Crisis and beyond.
520 $a This book probes the hollow rhetoric of debt, deficits and austerity. It explores the decisions of parties of the left which have attempted to deflect criticisms of economic mismanagement and gain trust by depoliticising the budget process and financial management with various rules, albeit with elements of discretion. The book argues that this is a perverse form of trust as it is premised on the belief that political leaders and the public sector cannot be trusted to make appropriate decisions given the economic circumstances of the time and need rules, but at the same time that they can be trusted to follow the rules. The book also explores parties of the right, which often advocate stricter rules and which tend to be the least effective. The book describes how few conservative governments have admirable records on sustained surpluses, given a propensity for unsustainable tax cuts, and the future opportunities this provides to advance a political program of deeper spending cuts. Scott Brenton is a political scientist in the Melbourne School of Government at the University of Melbourne, Australia. He has previously worked at the Australian parliament and held teaching and visiting appointments at Australian, British and Scandinavian universities. He has published widely on issues of democratic accountability.
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