Fiscal Policy covers a wide-ranging set of issues at the heart of HM Treasury’s objectives and of fiscal events such as Budgets. Good fiscal policy must ensure the sustainability of the government’s finances, oversee its macroeconomic policy framework, and carry out a stable and efficient financing of government liabilities. HM Treasury’s work in this area includes advising the Chancellor on the appropriate levels of borrowing and debt (as well as broader commitments like guarantees & insurance), providing analysis of the government’s finances and overseeing financing raised for the government by the Debt Management Office and National Savings & Investments.
Get in touch with HMTResearch@hmtreasury.gov.uk
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Public debt looms at historically high levels in all but a few advanced economies. Unsurprisingly, worries about the size of debt burdens take centre stage. What is largely absent, is the question of HOW governments actu...
Funded by: ESRC
Lead research organisation: University of Edinburgh
The project specifically addresses the optimal strategy for debt issuance in the UK and its practical implications, providing a comprehensive account of public debt management.