Economic and Fiscal Strategy Report 1998

Contents

Contents
	Stability and Investment for the Long Term
Chapter 1	Introduction
Chapter 2	Sustainable growth and employment
	The objectives Achieving sustainable growth and employment Assuring greater economic stability Encouraging work Raising productivity EMU and economic reform
Chapter 3	The fiscal framework: prudence and prosperity
	The Code for Fiscal Stability The fiscal rules Setting the stance of fiscal policy Planning and controlling spending Debt management policy Annex 3A: The new spending aggregates
Chapter 4	Fiscal strategy: the next three years
	The Comprehensive Spending Review Public spending over this Parliament Meeting the fiscal rules Annex 4A: Time-series for key fiscal aggregates Annex 4B: Financing policy

The Economic and Fiscal Strategy Report and the Financial Statement and Budget Report contain the Government's assessment of the medium-term economic and budgetary position. They set out the Government's tax and spending plans, including those for public investment, in the context of its overall approach to social, economic and environmental objectives. They will form the basis of submissions to the European Commission under Articles 103 and 104c of the Treaty establishing the European Union.

Prepared 11 June 1998