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The Treasury and WhitehallThe Planning and Control of Public Expenditure, 1976–1993$
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Colin Thain and Maurice Wright

Print publication date: 1995

Print ISBN-13: 9780198277842

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198277842.001.0001

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End-Year Flexibility

End-Year Flexibility

(p.403) 19 End-Year Flexibility
The Treasury and Whitehall

Colin Thain

Maurice Wright

Oxford University Press

The Treasury struggled hard to reassert short-term control of public spending following the economic crises of the mid-1970s. Spending departments have forfeited the right to extra resources in-year if prices have moved against them and, because the doctrine of annuality (that resources are provided for use in a particular year) has been enforced more tightly through cash limits and cash planning, they have lost managerial flexibility in planning those programs which do not fit neatly into the one-year cycle. This chapter focuses on the tensions which have arisen as a result, and which have eventually obliged the Treasury to accede to departmental demands for some modification to the principle of firm annual cash limits. In July 1983, the Treasury agreed to the introduction of an end-year flexibility scheme (EYF) which allowed central government departments to carry forward a limited amount of underspending on capital programs from one financial year to the next, on both voted and non-voted cash limits.

Keywords:   capital programs, end-year flexibility, public expenditure, central government, Treasury, underspending, carry forward

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