Evolution of United States Budgeting

Auteur

ANNETTE E. MEYER retired as Associate Professor of Economics at The College of New Jersey in 1992 and more recently has been Adjunct Assistant professor of Economics at Hunter College./e In addition to the earlier edition of this book, she is the author of numerous articles.

Texte du rabat

As a fiscal document recording the spending, taxing, and borrowing policies for the coming year, the U.S. budget continues to be a model for other nations. This book focuses on the various phases of budget making, its historical background in fiscal and monetary terms, and special budgetary issues, including the budget balance, credit activities of Government-Sponsored Enterprises, the future health of Social Security, and the budget's relationship to the financial and public goods aspects of the international environment. Covering major changes in the structure and process of budgeting since 1989, when the book was first published, this volume covers new ground in many aspects of fiscal and financial policy, domestically and internationally.

Each section of the book is devoted to a different aspect of U.S. budgeting, ranging from the foundations of the present policies, to the annual budget cycle, to the actual methods of accomplishment, and the containment of those policies in the global framework. One section focuses on high visibility issues-Social Security, surpluses, federal debt, and entitlement programs. The book provides a valuable overview for those wishing to understand the budget process and its foundations while aspiring to help improve that process.

Résumé
This work focuses on the various phases of budget making, its historical background in fiscal and monetary terms, and special budgetary issues, including the budget balance, credit activities of government-sponsored enterprises, and the future health of social security.

Contenu

Introduction Foundations of United States Budget Policies Fiscal Institutions and Concepts Financial Institutions and Concepts An Overview of the Budgetary Process Executive Formulation Congressional Action Budget Execution Budget Content and Presentaion Trends in Budget Totals Summary and Financing of the Federal Budget Budget Reporting and Control Budget Authority, Capital Budgeting, and Impoundment Current Services Budget, Tax Expenditures Budget, and Off Budget Federal Entities and Activities Perspective on Deficits and Surpluses The United States Budget in an International Setting Megamacroeconomics and International Finance Megamicroeconomics and Global Federalism Epilogue References Index