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The federal budget impacts American policies both at home and abroad, and recent concern over the exploding budgetary deficit has experts calling our nation's policies "unsustainable" and "system-dooming." As the deficit continues to grow, will America be fully able to fund its priorities, such as an effective military and looking after its aging population? In this third edition of his classic book The Federal Budget, Allen Schick examines how surpluses projected during the final years of the Clinton presidency turned into oversized deficits under George W. Bush. In his detailed analysis of the politics and practices surrounding the federal budget, Schick addresses issues such as the collap...
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Many governments have faced serious instability as a result of their contingent liabilities. But conventional public finance analysis and institutions fail to address such fiscal risks. This book aims to provide motivation and practical guidance to governments seeking to improve their management of fiscal risks. The book addresses some of the difficult analytical and institutional challenges that face reformers tooling up to manage government fiscal risks. It discusses the inadequacies of conventional practices as well as recent advances in dealing with fiscal risk.
This book commemorates the 30th anniversary of the OECD Working Party of Senior Budget Officials (SBO). It brings together documents, articles and extracts from publications written by Professor Allen Schick, who has been associated with the SBO since its inception and has made fundamental contributions to public sector budgeting.--Publisher's description.
This book commemorates the 30th anniversary of the OECD Working Party of Senior Budget Officials (SBO). It brings together documents, articles and extracts from publications written by Professor Allen Schick for the SBO.
This collection is the first book-length work in many years to provide new theoretical direction to budget theory. Written by several of the most respected people in budgeting, including Allen Schick, Naomi Caiden, and Lance LeLoup, it explores such current topics as the scope of budgeting, the degree and source of variation in budgeting, and changes in budgeting process over time. New Directions will help to build a framework that is less confining than incrementalism, and will stimulate and guide future research. Some of the essays deal with the implications of looking at budgeting from a multi-year perspective, and the importance of allocating sources other than money (such as personnel ceilings); others pose questions about what a budget theory should look like, and how many budget theories are needed.
This book examines the future of government expenditure in advanced economies in the period up till 2050. It argues that powerful external forces and pressure points will drive spending up irrespective of the philosophical and ideological preferences of governments.
"The thesis of this book is that huge deficits did not emerge because of a broken process. Instead, the line of causality runs the other wa.