Week 1 Objective 1.docx - Jordan Dawson Who invented public budgeting Public budgeting was invented by the government and not the businessman as

Week 1 Objective 1.docx - Jordan Dawson Who invented public...

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Jordan Dawson Who invented public budgeting? Public budgeting was invented by the government and not the businessman as whatever management and budgeting the public had established was not working in the businessman’s favor. The businessman may have had the right idea, but was not able to execute it as seen during the railroad era when record keeping was poor and business went belly up often. The business world does not serve as a good model because public budgeting is very different than private budgeting. The business world is all about money, while the public sector is about
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