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Budgeting And The American Bur
Beginning of paper
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 and departments to raise and spend public funds in specified ways .... Middle of paper
.... 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 they want from the budget. The focus ....
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Number of words: 686
Number of pages: 3 (approx. 250 words per double-spaced page)
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