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Pressures Affecting Public Budget
Analyzing Practical Pressures
Budgets are never easy, but when it comes to the public sector there are additional pressures that can make the process even more challenging. On the one hand, there is a need to deliver high-quality goods and services that meet the needs of the community. On the other hand, there is often a limited amount of funding available, meaning that hard choices have to be made about where to allocate resources. One factor leading to practical pressure being put on the budget is politics, with elected officials seeking to direct funds towards pet projects or constituencies that will benefit them at election time (Rubin, 2019). Elected officials may have different priorities when it comes to spending taxpayers money.
Other factors include population growth and inflation. As populations increase, so too do the number of people who need government services (Gylfason & Herbeertsson, 2001). This increase in demand can lead to a strain on resources, forcing governments to make tough choices about which programs to fund and which to cut. Another factor that often affects public sector budgeting is inflation. As prices rise, the cost of providing government services also increases. This can put pressure on already tight budgets and make it difficult for governments to maintain their current level of service delivery. As a...…27:23 states, Be sure you know the condition of your flocks, give careful attention to your herdsin short, knowledge is the best way to study fiscal impact of public sector budgeting. This means looking at the hard data. One approach is to compare government spending on similar programs in different countries. Another option is to track changes in government spending over time. Yet another approach is to conduct surveys or interviews with people who work in the public sector. No matter which method one chooses, the most important thing is to be systematic and clear in ones analysis. Otherwise, it will be difficult to draw any meaningful conclusions from the…
References
Gylfason, T., & Herbertsson, T. T. (2021). Does inflation matter for growth?. Japan andthe world economy, 13(4), 405-428.
Kaplow, B. L. (2021). Optimal control of externalities in the presence of incometaxation. International Economic Review, 53(2), 487-509.
Lee Jr, R. D., Johnson, R. W., & Joyce, P. G. (2020). Public budgeting systems. Jones &Bartlett Learning.
Rubin, I. S. (2019). The politics of public budgeting: Getting and spending, borrowingand balancing. CQ Press.
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