Public Sector Budgeting - Essay Example

Only on StudentShare

Extract of sample
Public Sector Budgeting

In this respect, the conventional debate that rages on regard the amount of control measures that should be allowed in the execution of the budget amid the need to ensure accountability The challenge arises in the manner various agencies feel that they should be given the flexibility to operate effectively in the present dynamic world. However, Congress on the other hand, feels that giving much flexibility would be tantamount to the failure to perform its constitutional prerogative of implementing the rules that govern the budget process. It is felt that the smooth realization of certain objectives require a given amount of flexibility that is often disregarded by the public and policy implementers. Inasmuch as public funds should be safeguarded, it is imperative to realize that certain programs must always be undertaken with a given amount of flexibility contrary to which they are bound to fail. For instance in the department of defense (DOD), certain radical decisions have to be made in times of urgent need. In such a case, too many regulations might prove to be quite disastrous in the event challenges are realized in the process. Often, agencies are forced to utilize the full allocation they receive without the need to save any funds for future use. ...Show more


Name: University Course: Instructor: Date: In public policy affairs, it is realized that the concept of budget preparation normally draws much attention compared to the other issues surrounding budget affairs. Indeed, it can be well stated that much research and discourse revolves around the subjects of budget preparation while the area of execution is given less coverage…
Author : liamquigley
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Public Sector Budgeting"
with a personal 20% discount.
Grab the best paper

Related Essays

Public Sector Accounting
In the first section of the project the needs and objectives of the public sector accounting has been discussed along with a comparison with the objectives of non-public sector organizations. The second section of the project describes the laws and regulations governing public sector financial statements preparation and disclosures as well as the financial disclosures of a non-public entity.
8 pages (2000 words) Essay
Public Sector Accounting
The main difference between public and private sectors is management and control. Whereas public sector is controlled and managed by the government, private sector is controlled and managed by private sector and individuals. Many differences emanate from the mode of control and management exhibited in these two forms of business entities.
5 pages (1250 words) Research Paper
Public Sector Budgeting
There are four major steps in budget making: preparation, legislative approval, executive implementation, and accounting and financial reporting. The first stage is the preparation or the drafting stage. The draft budget is compiled and submitted to the legislature for approval at this stage.
9 pages (2250 words) Assignment
Public Sector Budgeting
Whereas equity champions fir the protection of the interests of all members of the society with emphasis on the minority and the disadvantaged, efficiency calls for proper use of resource in attaining the objectives of the projects.
3 pages (750 words) Essay
Earmarked taxcontemporary issues in Public Sector Accounting and Policy
Earmarked taxes can therefore be identified as certain amount of taxes collected by the government which are reserved for undertaking certain activities leading towards the development of the country. In other words, earmarked tax is defined as the practice of allocating revenue collected by the government in the form of various taxes for undertaking specific activities related to a certain area.
16 pages (4000 words) Essay
PUB 5473 Public Budgeting Online Fall 2013
An analysis of the budget requirements of the bureau will help us understand the disbursements and cash requirements of the bureau against its various functions. This will help us comprehend and get a better picture of FPDR’s plan for financing enterprise and resources during the period 2013-2014.The organizational working of Bureau of Fire & Police Disability & Retirement (FPDR) is organized into four programs namely Administration and Support, Disability and Death Benefits, Retirement System Payments and Oregon Public Employees Retirement System (PERS) Contributions.
15 pages (3750 words) Essay
Budgeting and financial systems in the public sector
The public process of budgeting goes through several hierarchical processes before implementation, during implementation and follow up processes, and evaluation after spending (Wolf, 2013). However, for private budgeting, the process is simple (Kamensky, 2013, a).
8 pages (2000 words) Article
Efficient Market Theory & Behavioural Finance with regard to Financial Crisis 2007-2010
The author explains how behavioural finance can explain the anomalies which have persisted too long to lead to this crisis situation. He states that The efficient market hypothesis is based on the Random Walk Hypothesis, which states that the changes in a stock’s price are a random departure from its previous price.
7 pages (1750 words) Essay
Exam questions
They control the economy by the mechanisms stated below in my paper. Financial centers and their roles are also discussed. The forms of direct and indirect finance and the advantages there of are discussed. The financial system is a composition of mechanisms
4 pages (1000 words) Coursework
End of Course Assignment
The fitness center provides not only gym lessons but also a wide array of fitness classes like yoga, dance, and aerobics. The paper will primarily focus on the following: first, the financial analysis of the company for the past two years. Second is the performance measures
10 pages (2500 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email