Fundamentals of Public Budgeting and Finance
Budgeting is probably the single most important function in government, considering the amount of money a government spends each year on various expenditure programs and activities, as well as the time it spends in preparing the budget, appropriating fund
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Fundamentals of Public Budgeting and Finance
Aman Khan
Fundamentals of Public Budgeting and Finance
Aman Khan Department of Political Science Texas Tech University Lubbock, TX, USA
ISBN 978-3-030-19225-9 ISBN 978-3-030-19226-6 (eBook) https://doi.org/10.1007/978-3-030-19226-6 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image: © HGEsch Photography This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
To My two little grandchildren— Sofia Clare and James Cole
Preface
Without question, budgeting is the single most important function in government; it is the lifeblood without which a government will come to a standstill. Without budgeting, there will be no public goods and services and a host of other benefits that we take for granted. In other words, there will be no roads, no bridges and highways, no public safety, no health care and education for those who cannot afford it, no guaranteed income and sustenance for the poor and the needy, no national security and environmental protection, no protection against unfair trade, no protection against unfair price and monopoly in the marketplace, no incentive for economic growth and technological innovation, and the list goes on. Put simply, without budgeting there will be no government of any kind—the two go hand in hand. Budgeting is an involved process. It is the only function in government where all three branches of government, in particular, the executive and the legislative branch are actively involved in decision making—the executive branch in all stages of the process, especially during budget preparatio
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