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Books > Social sciences > Politics & government > Public administration
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Modern Budget Forecasting in the American States - Precision, Uncertainty, and Politics (Hardcover)
Loot Price: R2,607
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Modern Budget Forecasting in the American States - Precision, Uncertainty, and Politics (Hardcover)
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This book, by Michael J. Brogan, examines government budgeting
through the lens of public budget forecast errors. In examining
this aspect of the budgetary process, Brogan helps readers
understand levels of political and financial risk that policymakers
are willing to accept in estimating the likelihood of accurate
budget projections. This title is noteworthy in its innovative,
accessible approach to examining the budget process through an
analysis of forecast errors. Unlike most public budgeting books,
which focus primarily on the technical aspects of budgeting or on
the politics of the budget process, this book bridges the technical
and political aspects of budgeting, thereby providing a more
comprehensive analysis of contemporary issues and research in
public budgetary matters. In light of the current financial crisis
in the United States, this book is crucial for providing readers
with a comprehensive review of the limits of budget projections and
how political forces shape the forecasting process. Throughout the
text, readers are presented with relevant state-specific mini
cases. The mini cases highlight some of the difficulties in
projecting future revenue and spending patterns, as well as the
political conflict that can ensue. The empirical findings, mini
cases, and arguments presented throughout this book are intended to
empower readers, giving them the expertise needed to better
understand how uncertainty in public budget forecasts affects the
budget process. Ultimately, this knowledge can help citizens
connect the financial management of a state with its governing
patterns.
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