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Public Budgeting:
A significant amount of effort is dedicated towards the process of developing new public programs since such programs are not similar to business enterprises. Therefore, the process of public budgeting requires consideration and inclusion of public policies. In essence, public policies should be translated into discussions regarding the annual budget through evaluation of the monetary demands of such policies on public revenue. During this process, policy makers should be bound by the financial requirements of the various alternatives. As part of translating public policies into discussions on annual budget, policy makers should eliminate certain policy alternatives from consideration if the alternatives create huge fiscal demands on public revenue. The need for policy makers to eliminate such alternatives is fueled by the fact that the government is permitted to collect revenue only as long as the benefits of the generated revenue exceeds the loss...
They include; what is the framework for making budget decisions? Are the basic steps of budgeting included? Who is mandated with the task of planning and preparing the budget? What is the money in the budget used for? How can changes in budget plans be incorporated? What are the typical weaknesses in the budget process? ("Budget Preparation," n.d.). If the management dominated budget decisions, these questions would change to include; how does the budget meet the needs and demands for services? Does the cost of providing benefits relate to activities paid for? What are the necessary changes needed for effectiveness of the budget?
Question 3:
Since a budgeter cannot be a manager, controller, and planner simultaneously and is required…
References:
"Budget Preparation." (n.d.). International Monetary Fund. Retrieved November 8, 2013, from http://www.imf.org/external/pubs/ft/expend/guide3.htm
"Chapter 4 -- Budgetary Control." (n.d.). FAO Corporate Document Repository. Retrieved November 8, 2013, from http://www.fao.org/docrep/w4343e/w4343e05.htm
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