Public budgeting

Develop a three- to four-page paper in which you present an overview of public budgeting. Be sure to:

Evaluate the philosophy of public finance.
Compare and contrast governmental accounting with non-governmental accounting.
Evaluate the relationship between budgeting and financial reporting in the government.

Your paper must be three to four pages (not including title and reference pages) and must be formatted according to APA style as outlined in the approved APA style guide. You must cite at least three scholarly sources in addition to the textbook.

Reference (course textbook)

Lee, R.D. & Johnson, RW., Joyce, P.G. (2008). Public budgeting systems (8th ed.). Sudbury, MA: Jones and Bartlett

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Introduction

A budget can be defined as a statement showing the allocation of scarce resources with an aim of achieving organization’s objectives during a specific period. In public budgeting, government officials have to allocate various national resources to various sectors effectively. Budgeting is usually done because of the fact that resources are usually scarce. For this reason, government officials have to come up with a budget that ensures that the little available resources meet the needs of the public. Budgeting is mainly done for two main reasons, transparency and accountability and prioritization (Robert, 2003).

Body

Public finance can be described as the government’s act of raising………………..

APA

906 Words