1977
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Georges Vedel, « Le financement des entreprises publiques », Revue française d'administration publique (documents), ID : 10670/1.rkw2tn
Financing of public companies The financing of public enterprise gives rise to a series of conflicts : yield capacity and requirements of public service, company targets and general policy goals of governments, control and autonomy. Theoretically, the matter has been dominated by the conclusions of the NORA report (April 1967). The energy crisis was to change prospects thoroughly and frustrate the hopes put on the principles of self-financing, the implementation of which would have ruined the government’s efforts to check inflation. But though the ‘strategy’ of the Nora report was based on a given economie situation, it is less certain that the ‘doctrine’ is no longer applicable inasmuch as it tends above ail to enable decision-makers to choose in full clarity : transparency of resource allocation, clear distribution of responsibilities, uniform pattern of public company accounts.