Describe and discuss differences that are apparent between government and business budget making

Describe and discuss differences that are apparent between government and business budget making

Describe and discuss differences that are apparent between government and business budget making?

Are there any similarities in their profit motives?

Identify an example of growth that was necessary and provide reasons why.

Explain why such expansions are needed to meet the needs of society and how they are funded.

These processes sometimes bring harsh criticism? Why? Explain your position in detail.

Use chapter one, two, and three

Please use reference below and put page number

Lee, R.D. & Johnson, RW. (2008).  Public budgeting systems (8th ed.).  Sudbury, MA:  Jones and Bartlett.  ISBN: 9780763746681

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Describe and discuss differences that are apparent between government and business budget making?

            According to Lee, and Johnson, (2008, p1), government budgeting refers to the identification of needs of the public and the allocation of scarce resources to those needs. In most cases the needs are far much more than the resources available and hence the needs compete for resources. The government therefore needs to come up with a system of identifying the needs that are more important than others and allocate them resources first. Government budgeting differs from private business budgeting in different ways. First, government budgeting deals with huge amounts of resources which are allocated….

APA

546 words

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