Magazine article Public Finance

CIPFA Wants to Know How Fiscal Debt Will Be Repaid

Magazine article Public Finance

CIPFA Wants to Know How Fiscal Debt Will Be Repaid

Article excerpt

Public officials are calling on the Cabinet and Opposition to reveal how they plan to close the fiscal gap, after the PreBudget Report underlined the depth of the crisis without fully detailing how it will be tackled.

A paper published jointly by CIPFA and the Society of Local Authority Chief Executives warned that the next government might have to 'redefine the relationship between the state and the individual'.

Afier the downturn -managing a significant and sustained adjustment in public sector funding, released on December 9, also recommended granting more autonomy to local authorities and encouraging efficiency through collaboration.

CIPFA chief executive Steve Freer told Public Finance that the 'dire' deficit set out in the PBR raised 'fundamental questions about the level of services we can afford. …

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