StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Public Sector Budgeting - Essay Example

Cite this document
Summary
Name: University Course: Instructor: Date: In public policy affairs, it is realized that the concept of budget preparation normally draws much attention compared to the other issues surrounding budget affairs. Indeed, it can be well stated that much research and discourse revolves around the subjects of budget preparation while the area of execution is given less coverage…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Public Sector Budgeting
Read Text Preview

Extract of sample "Public Sector Budgeting"

Download file to see previous pages

In this respect, the conventional debate that rages on regard the amount of control measures that should be allowed in the execution of the budget amid the need to ensure accountability The challenge arises in the manner various agencies feel that they should be given the flexibility to operate effectively in the present dynamic world. However, Congress on the other hand, feels that giving much flexibility would be tantamount to the failure to perform its constitutional prerogative of implementing the rules that govern the budget process.

It is felt that the smooth realization of certain objectives require a given amount of flexibility that is often disregarded by the public and policy implementers. Inasmuch as public funds should be safeguarded, it is imperative to realize that certain programs must always be undertaken with a given amount of flexibility contrary to which they are bound to fail. For instance in the department of defense (DOD), certain radical decisions have to be made in times of urgent need. In such a case, too many regulations might prove to be quite disastrous in the event challenges are realized in the process.

Often, agencies are forced to utilize the full allocation they receive without the need to save any funds for future use. This normally arises out of the imminent fact that in the event of returning unused funds, they receive less in future allocations and are even scolded for asking for more if they could manage with less. One of the most challenging issues under budget execution is normally on the aspect of authorization (McCaffery & Mutty 2003). Indeed, before the disbursement of any funds, proper authorization must be done in order to ensure the funds are used appropriately.

However, it is normally challenge given that the authorization stage normally involves s lot of bureaucracy and red tape. The manner some of the programs take a lot of time to get authorized clearly serve to demonstrate the very challenges created by too much regulations at the expense of the need for timely undertakings. In most instances, the execution process kicks off with the authorization from the Congress, before other subsequent steps follow. Therefore the timely execution of projects in the economy depends much on the speed of Congress in its deliberations (McCaffery & Mutty 2003).

However, it rarely happens that Congress does the authorization on time. Being the initial stage of the process, delayed authorization finally translates into the lateness of all the subsequent stages so that execution of the program is delayed a great deal. The authorization of contingent programs normally creates much inefficiency to the execution of other projects in operation. In that regard, it becomes important to rectify some of the regulations that create the sense of commotion. In the same way the authorization should be done in a timely manner that enhances the fast execution of the projects.

It is disheartening to seen the manner in which most government programs seem to stall out of the fact that their allocation has not yet been ratified by the authorities in order allow the disbursement of the funds. In a world of challenges and new realities, congressional managers must be faced to encounter the very limiting issues that normally characterize the implementation process (1999). However the rules,

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Public Sector Budgeting Essay Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Public Sector Budgeting Essay Example | Topics and Well Written Essays - 750 words - 1. Retrieved from https://studentshare.org/finance-accounting/1449155-public-sector-budgeting-issues-in-budget-execution
(Public Sector Budgeting Essay Example | Topics and Well Written Essays - 750 Words - 1)
Public Sector Budgeting Essay Example | Topics and Well Written Essays - 750 Words - 1. https://studentshare.org/finance-accounting/1449155-public-sector-budgeting-issues-in-budget-execution.
“Public Sector Budgeting Essay Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.org/finance-accounting/1449155-public-sector-budgeting-issues-in-budget-execution.
  • Cited: 0 times

CHECK THESE SAMPLES OF Public Sector Budgeting

Public Sector Organizations

The paper 'public sector Organizations' presents the public sector which differs from the private sector on several fronts which is due to the basic difference in the structure and functions of both the sectors.... One more important factor to be kept in mind is that the performance of the public sector unit will directly contribute to the country's economy.... In addition, the reforms in the public sector are needed for the following factors which also decide the style of financial reporting in public enterprises....
9 Pages (2250 words) Assignment

Public Sector & Government Budgeting-Capital Plan

From the paper "public sector & Government Budgeting-Capital Plan" it is clear that the preparation of operating budget ought to be separated from the capital budget, to prevent the mismanagement of funds and resources.... This may also be done to avoid interfering with each other final records....
1 Pages (250 words) Essay

The Public Administrative Sector

Working with the budgeting and finance department, there were arrays of malpractices and ignorance of duty among top officials.... According to this case, policy-making in budgeting and finance sector is a highly consultative process.... Working in the local government, budgeting and finance section, there have been many administrative issues, some of which are critically explored in this case analysis.... This leads to a fraudulent budgeting process with minimal regard for the welfare of the general public....
14 Pages (3500 words) Admission/Application Essay

Strategic Management between the Private and Public Sector

However, public sector managers have the central role of ensuring greater social It is imperative to relate the inherent differences and similarities between private and public sectors based on their primary objectives as aforementioned.... The paper explores similarities and differences in strategic management between the private and public sector.... There are significant strategic administrative similarities between the public sector and private sector....
6 Pages (1500 words) Essay

Government and for-profit organizations

In the paper “Government and for-profit organizations” the author analyzes the similarities and dissimilarities between commercial and government accounting.... Despite vast difference in their goals and activities, certain similarities can be recognized between government and for-profit organizations....
10 Pages (2500 words) Coursework

PERFORMANCE BUDGETING

The main attribute of this system is that it measures the links between the funds allocated to a given department and the outcomes of these… Most performance budgets places emphasis on employees' commitment to provide quality results to the satisfaction of the public. Performance based budgeting has great characteristics that has made it quite suitable in Public Sector Budgeting for local governments.... erformance based budgeting has great characteristics that has made it quite suitable in Public Sector Budgeting for local governments....
1 Pages (250 words) Coursework

Budgeting Process in the Public Sector

The budget of the public sector or the government is a summary of the intended revenue and expenditure of the government.... In this paper, a detailed summary of the process of budgeting especially with regard to the democratic state structure is provided.... It has laid specific attention on the process of budgeting with regard to the different steps involved, ranging from planning to the final approval of the budget.... By budgeting, it is intended to get an overview of the actual economic situation and to forecast the revenue....
10 Pages (2500 words) Research Paper

Vitality of Budgeting Process and Financial Reporting

hellip; Public Sector Budgeting requires strict compliance while it is not mandatory to follow the budget recommendations line by line in the private sector.... The private sector company's success is always measured in terms of cash profit, while the public sector organizations' success is always measured based on performance (Corbett et al, 1996).... "Vitality of budgeting Process and Financial Reporting" paper explores the basics of budgeting in the Thirds Eye security services firm....
6 Pages (1500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us