Budgeting for Federal Capital

Budgeting for Federal Capital

This article examines the issues involved in federal investment budgeting and planning for the acquisition of federally‐owned assets. It describes the unique role of the federal government and examines the different issues and reforms prompted by differing types of capital and investment sponsored a...

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Bibliographic Details
Published in:Public budgeting & finance Vol. 18; no. 3; pp. 11 - 23
Main Authors: Posner, Paul L., Lewis, Trina V., Laufe, Hannah
Format: Journal Article
Language:English
Published: Oxford, UK Blackwell Publishing Ltd 01-09-1998
Subjects:
Appropriations
Asset acquisitions
Capital budgeting
Capital expenditures
Consumption
Debates
Decision making
Federal budget
Federal government
Fiscal policy
Fiscal years
Government spending
Human capital
R&D
Reforms
Research & development
United States > US
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Description
Summary:This article examines the issues involved in federal investment budgeting and planning for the acquisition of federally‐owned assets. It describes the unique role of the federal government and examines the different issues and reforms prompted by differing types of capital and investment sponsored at the federal level. It suggests that meaningful changes can be instituted in our budgeting practices that can make a difference for our budgetary choices without adopting a full‐scale capital budget. It also presents a framework for improving federal agency capital decision making based on a study of practices used by leading state and local and private sector organizations. The article is based on testimony delivered before the President's Commission to Study Capital Budgeting.
Bibliography:istex:00C778293DE00C412B57E7EC1581225FE400294B
ArticleID:PBAF1139
ark:/67375/WNG-HRFWL4CH-F
The views expressed in the article are the authors' and do not necessarily represent the views of the U.S. General Accounting Office.
ISSN:0275-1100
1540-5850
DOI:10.1046/j.0275-1100.1998.01139.x