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The Framework of Government Control

In: Strategic Planning in Nationalised Industries

Author

Listed:
  • I. C. R. Byatt

Abstract

As the nationalised industries are very diverse and have a wide range of social obligations, any framework of control has inevitably to be either very general so as to be applicable to all the industries, or differentiated between industries and tailored to the particular circumstances of each. In practice the framework adopted has been of the former kind. It has, by and large, been a financial framework, but one that has evolved over the years, from an obligation to break even ‘taking one year with another’ to a complex mechanism involving short-term external financing limits (EFLs), medium-term financial targets and performance aims. It is likely to develop further in the coming years.

Suggested Citation

  • I. C. R. Byatt, 1984. "The Framework of Government Control," Palgrave Macmillan Books, in: John Grieve Smith (ed.), Strategic Planning in Nationalised Industries, chapter 3, pages 67-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07114-2_4
    DOI: 10.1007/978-1-349-07114-2_4
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