2011 Annual Public Lecture

Why do governments tax, spend, lend and borrow? At a time when fiscal management is under intense scrutiny around the world, Robert Chote, Chairman of the Office for Budget Responsibility (OBR), explored this fundamental question for understanding the nation’s public finances, when he presented the Royal Economic Society’s annual public lecture on 14 and 15 December 2011 in London and Birmingham. The lecture provided a snapshot of Britain’s public finances today, explaining the OBR’s latest forecasts for public sector spending, revenues, borrowing and net debt in 2011/12 as presented in the November 2011 'Economic and fiscal outlook'.

Media Briefing 'Britain's Public Finances: Past, Present and Future'

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