1st Edition

Public Expenditure in Practice

By Lord Diamond Copyright 1975
198 Pages
by Routledge

198 Pages
by Routledge

Education, Health, Social Security, Transport, Defence, Law and Order—these essential services are provided for the community by the community. But how are decisions about such expenditure made? Where does the funding come from? Why isn’t there more money available? Who ultimately benefits? First published in 1975,  Public Expenditure in Practice  investigates and answers these critical... Read more

Foreword by Alan Thompson 1. The Nature of Public Expenditure 2. How Much Public Expenditure? 3. Who Pays and Who Receives 4. Making the Decision 5. Controlling Public Expenditure 6. The Supply Estimates 7. The Chief Secretary and the Treasury 8. The Way Ahead

Biography

Lord Diamond was a British Labour Party politician, chartered accountant, and influential figure in public finance. Serving as Chief Secretary to the Treasury under Harold Wilson from 1964 to 1970, he played a key role in shaping economic policy, including the introduction of capital gains and selective employment taxes. A Member of Parliament for Blackley (1945–1951) and Gloucester (1957–1970), he later became a life peer and led the Social Democratic Party in the House of Lords from 1982 to 1988.