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Why we need public spending

This joint PSI/EPSU publication provides valuable facts, figures and arguments to defend public spending and public services and public service workers. In 2008 the collapse of the Lehman Brothers bank was the catalyst for what became a global financial and economic crisis. However, a complete meltdown of the system was prevented as governments around the world intervened, mobilising their resources and bailing out the banking and finance sector. A clearer case for the value of public spending could not have been made. Unfortunately, this was not the turning point that some expected. Many national governments and international institutions – the International Monetary Fund and European Commission included – decided that public spending was not part of the solution but part of the problem. Austerity became the order of the day with deep cuts imposed, and continuing to be imposed on many public services around the world.