Feb 28 - Economic Policy Spring 2008

Feb 28 - Economic Policy Spring 2008 - EconomicPolicy...

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    Economic Policy Incrementalism at Work
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    Overview I.  Budgeting Defined II.  Budget as Instrument of Fiscal Policy III.  Budget as Instrument of Public Policy IV.  Budget as a Managerial Tool V.  Approaches to Public Budgeting VI. Budgetary Strategies and Political Games VII. Aspects of Financial Management
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    I.  Budgeting Defined Denhardt:  budgeting and financial management are concerned  with the allocation of limited resources to the problems  governments and other public organizations face Schick:  budget is a means of  planning  (determination of  organizational objectives and the development of strategies to  meet those objectives),  management  (the design of  organizational means by which approved goals can be  translated into action, as well as developing the staffing and  resources necessary for execution), and  control  (process of  binding operating officials to the policies and plans set by their  superiors)
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    Definitions, continued Caiden:   budget represents the outcome of competition for  political power Starling:  the adoption of a budget represents a critical juncture  in the policy planning process, for few major programs are  conceivable without the expenditure of money; the budget is  means by which public officials allocate and raise resources to  achieve social objectives; in this sense, the budget provides an  x-ray of the values and priorities of a free people 
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    II.  The Budget as an Instrument of  Fiscal Policy
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Feb 28 - Economic Policy Spring 2008 - EconomicPolicy...

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