Budgeting And The American Bur

Part I of Essay
A Budget is a management tool that is an expression of planned expenditures and revenues. "Budgets serve many important functions in government. In one sense, budgets are contracts annually agreed on by the executive and legislative branches that allow executive agencies ....

Part II of Essay
.... over balancing expenditures and revenues, but differ in fundamental ways according to Stillman. "The open environments within which budgets are developed, the variety of actors involved, the constraints imposed as well as the emphasis on public accountability, give budgets special and distinctive features in the public sector." The differences between microbudgeting and macrobudgeting are just what their prefaces imply. "On the one hand there are a number budget actors, who have all individual motivations, who strategize to get what th ....