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Government for the People On the Determinants of the Size of U.S. Government

Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by ¼ percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise...

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Bibliographic Details
Main Author: Bayoumi, Tamim
Other Authors: Gonçalves, Fernando M.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Finance, Public
Public Administration
Budget Systems
Public Finance & Taxation
Economic Classification
National Government Expenditures And Education
Public Finance Accounting
Fiscal Accounting And Reporting
Education Spending
Budgeting
Defense Spending
National Security And War
National Government Expenditures And Related Policies: General
Expenditure
Accounting
Public Sector Accounting And Audits
Expenditures, Public
Budget
National Budget
Budgeting & Financial Management
Public Finance
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by ¼ percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise in education spending. The parallel improvement in tax efficiency helped equate the benefits of higher spending with the costs from higher taxation, in accordance with a marginalist view of the size of government. Looking forward, the retirement of baby boomers appears likely to expand government and lead to a more efficient tax system
Physical Description:31 pages
ISBN:9781451868524

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