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ational consumer price index rose 1.8%; January-July average, the overall level of consumer prices rose 3.1 percent over last year.

The central government realized the seriousness of the overall economic situation, "steady growth" become a top priority, given the recent return of CPI growth rate to 2% or less, further easing of monetary policy began, and even some local governments, massive stimulus policies, no doubt these have helped to save the economy downward direction, the British economy is expected to bottom out in the third quarter and a slight rebound. The same time to cause people to be vigilant of the local stimulus policies may exacerbate local government debt, thereby increasing systemic risk of the financial system, for policy-makers to pay more attention to balance the short-term benefits and long-term benefits, benefits and risks in a prudent manner to promote is the right choice.

2012 revenue growth will inevitably slow down. If the government work report in accordance with 7.5% annual economic growth, and in accordance with previous years, the average income elasticity of 1.06 calculated fiscal 2012, revenue growth is likely to reach 12.7%. It would appear that if the future economic growth remained at 7.5% -8%, then the average annual revenue growth rate will be 12.7% -13.5%. Future economic growth is likely in the long term to maintain around 8 percent is already a basic judgment, fiscal revenue growth will inevitably fall down to a moderate speed, may lead to lack of sufficient number of overcharges or overcharges missing. This means that the lack of sufficient motivation to do something, so that revenue will not help the situation after the reform. (See Figure 3)

The financial sector need to make some adjustments

The rapid growth of fiscal revenue in the past, the United Kingdom and the reform of economic and social development of a strong financial security, take a lot of the cost of reform, the public nature of the UK public finances continue to strengthen. With the British continue to promote transformation and upgrading, the future British revenue growth slowdown will become the norm, and we have a certain psychological expectations. Crisis can also bring a favorable turn, specifically, the financial sector also need to make some adjustments in the future.

1. Establish homeostasis cyclical budgetary basic principles. Previous budgets tend to be static annual budget, you can not respond well to some unexpected event or the impact of the economic cycle, resulting in budget execution passive position. Some large-scale construction of public investment projects often take several years or even longer, which would change the existing balanced budget principle, extending the budget cycle, the formation of the principle of homeostasis. Thus, even if a deficit in the year is not terrible, as long as you can make fiscal surplus, currently set "budget balance adjustment fund" also reflects this principle. This principle also applies to future debt budget even intergenerational budget, balance different periods of the current and future public services enjoyed by taxpayers and tax burden, which is a scientific concept of balance.

2 more prominent performance management expenditure. No amount of financial funds are difficult to bear the cost of waste, not to mention the future financial growth era本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。