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Die OEffentlichen Ausgaben ALS Elemente Einer Konjunkturpolitisch Orientierten Haushaltsfuhrung. Die Einheit Der Unternehmensfuhrung Bei Dezentralen Verantwortungsbereichen - 197. Sitzung Am 7. April 1971 in Dusseldorf (German, Paperback, 1971 ed.)
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Die OEffentlichen Ausgaben ALS Elemente Einer Konjunkturpolitisch Orientierten Haushaltsfuhrung. Die Einheit Der Unternehmensfuhrung Bei Dezentralen Verantwortungsbereichen - 197. Sitzung Am 7. April 1971 in Dusseldorf (German, Paperback, 1971 ed.)
Series: Rheinisch-Westfalische Akademie Der Wissenschaften, 213
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In the scope of a financial policy based on economic requirements,
the task of stabilizing the economic process by regulation of the
total demand has to an ever larger extent been incumbent on public
expenditure. While extensive studies exist which thoroughly analyze
the use of public expendit ures as stabilizing elements and their
effect on the economic situation, the political and institutional
as well as the technical and economical bases of the variations of
expenditure have been neglected up to now. In order to be able to
correctly evaluate individual government expenditures in their
quality as instruments with which to influence the economic trend,
it is therefore necessary to determine in which measure which part
of public expenditure will be flexible, or, to put it more clearly,
it is necessary to define the margin which in each case will be at
the disposal of the legislative and executive organs for a
systematic variation of expenditure on a short-term basis according
to economic necessities. This means that the concept of flexibility
comprises the aspect of quantity as well as the - economically
decisiv- aspect of time of a possible variation of expenditure.
Each of these aspects, and consequently the overall flexibility, is
determined in two phases which succeed each other; first in the
phase of preparing the budget plan and then in the phase of
carrying it out."
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