Tag Archives: fiscal balance

Does privatisation reduce public deficits?

Beatriz and NoemiBeatriz Cuadrado-Ballesteros and Noemí Peña-Miguel

Privatisation may be defined as the sale of shares of state-owned enterprises (SOEs) to private investors, resulting in the transference of the property and the decision-making capability from the public to the private sector. Privatisations have always been controversial reforms, from the first ones developed by the Thatcher government in 1979, until now, when the Troika has pushed through privatisation programmes in EU member states that suffered financial problems during the last crisis.   Continue reading Does privatisation reduce public deficits?