專欄英國經濟

Deficit should be a policy variable
赤字不應是政策目標


FT專欄作家布里坦:英國財相的削減支出報告問題重重。赤字固然重要,但它應該是一個政策變數,而不應用於設定目標。

Very near the beginning of his speech introducing the comprehensive spending review, George Osborne attempted to frame the exercise in the simplest of terms: “We are going to ensure, like every solvent household in the country, that what we buy we can afford; that the bills we incur we have the income to meet.” Either you accept the chancellor’s analogy or you do not. I do not. Of course the deficit matters. But it should be a policy variable rather than targeted to meet a dim accountant’s idea of balance.

英國財政大臣喬治•奧斯本(George Osborne)在介紹他的《全面支出評估報告》(CSR)時,開篇伊始,就試圖用最簡單的語言爲自己的行動劃定框架:「我們將保證,與英國每一個有償付能力的家庭一樣,我們將量力支出;收入足以支付我們的開支。」不管你是否認同他的類比,我本人無法接受。赤字固然十分重要,但它應該是一個政策變數,而不是用於設定一個目標,以滿足某個愚蠢會計師的收支平衡構想。

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