Author: George M. GuessPublisher:
ISBN: 9781108182263
Category : Budget
Languages : en
Pages :
Book Description
"All governments have budgets. Budgeting is a core state function. Effective budgeting empowers the state to prioritize policies, allocate resources, and discipline the bureaucracy. Proficient budgeting contributes to efficacious fiscal and macroeconomic policies. Budgeting and the state it serves can be transparent, participatory, and promote democratic decision making, or it can be opaque, hierarchical, and encourage authoritarian rule. Democratic budgetary institutions promote the rule of law, transparent decision making, a culture of bargaining and compromise, deliberation in the distribution of resources, civil society, and the accountability of public funds. Budgeting, as a central activity of public finance, has long been regarded as a foundational element in the history of state formation. The European Union (EU), created in response to the Second World War, currently consists of twenty-seven member states"--
