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Describe the various purposes, as discussed in the literature, of budgeting for national governments Discuss the relative import
Finance & Accounting
Pages 14 (3514 words)
Describe the various purposes, as discussed in the literature, of budgeting for national governments. Discuss the relative importance of these purposes and the ways in which some of the purpose may conflict. [words 4315] 1. Introduction The development of effective governmental policies is usually related to the ability of governments to keep a balance between the public interests and the resources available for responding to these interests…
Particular emphasis is given on the conflicts that can possibly appear between these purposes. Two different perspectives are presented: a Micro-perspective and a macro-perspective. In the case of micro-perspective reference is made to the criteria on which government budgets are based and the methods involved for developing the relevant process. The macro-perspective focuses on all aspects of the distribution of the relevant benefits among the stakeholders. It seems that, when referring to budgeting for national governments, conflicts are unavoidable. Still, measures can be taken so that the effects of these conflicts on public interests are minimized. Moreover, it has been proved that each government tends to use different techniques for managing conflicts related to budgeting at national level. The social and political framework of each country and the strength of the economy are the key factors influencing governmental decisions related to national budget. 2. General Perspective The use of national budget, as a tool for controlling the national economy, is related to a series of purposes. ...
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