Formula Funding of Public Services

Business & Finance, Management & Leadership, Management, Economics
Cover of the book Formula Funding of Public Services by Peter C. Smith, Taylor and Francis
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Author: Peter C. Smith ISBN: 9781134229840
Publisher: Taylor and Francis Publication: September 27, 2006
Imprint: Routledge Language: English
Author: Peter C. Smith
ISBN: 9781134229840
Publisher: Taylor and Francis
Publication: September 27, 2006
Imprint: Routledge
Language: English

The use of formulae has become widespread in recent years across most developed countries. In the UK, a conservative estimate is that annually £150 billion of public service expenditure is distributed using formulae, in services such as health care, local government, social security and higher education. This book offers a comprehensive introduction to the theory and practice underlying the use of such formulae as a basis for funding public services.

The philosophy, design and economic consequences of funding formulae have become key policy issues worldwide. However, till now, there has been no text which brings together the economic, statistical and political issues underlying formula funding. This key book fills that gap.

Written by a leading international expert on the design of funding formulae, this important book includes empirical evidence from a range of countries and will be a valuable resource for all those involved in this field.

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The use of formulae has become widespread in recent years across most developed countries. In the UK, a conservative estimate is that annually £150 billion of public service expenditure is distributed using formulae, in services such as health care, local government, social security and higher education. This book offers a comprehensive introduction to the theory and practice underlying the use of such formulae as a basis for funding public services.

The philosophy, design and economic consequences of funding formulae have become key policy issues worldwide. However, till now, there has been no text which brings together the economic, statistical and political issues underlying formula funding. This key book fills that gap.

Written by a leading international expert on the design of funding formulae, this important book includes empirical evidence from a range of countries and will be a valuable resource for all those involved in this field.

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