The Budgetary Process in the United States

The Budgetary Process in the United States

The Budgetary Process in the United States

The Budgetary Process in the United States

Excerpt

This study is concerned with the processes by which the Federal Government reaches expenditure decisions. It does not pronounce judgment on whether the Federal Government is performing its proper functions; whether expenditures for particular purposes or the budget as a whole are too high or too low. To discuss the process by which expenditure decisions are made is quite enough for one volume and one author.

Expenditures give effect to national-policy objectives: defense expenditures rest on the foreign policy; expenditures on agriculture, on policy with respect to future needs for agricultural products and to the current support of farm incomes. A complete explanation of expenditures would therefore require discussion of how those objectives came into being. For obvious reasons I must take policy objectives as given--except insofar as they are revised in the light of their expenditure consequences. A policy of fortifying the moon would soon be revised when the cost became known.

Although the book is primarily concerned with expenditures, it emphasizes the need for consideration of the budget as a whole. The Federal Government does not simply allocate predetermined amounts of money among various expenditure programs. It must decide how much money to raise by taxation or borrowing. And the ultimate criterion for the worthwhileness of expenditures is whether they war-

Author Advanced search

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.