Fund Accounting And Capital Budgeting: European Experiences
AbstractBudgets have to meet a number of principles in order to fulfil their functions properly. This paper focuses on two of these budget principles. First, it addresses the principle of unity and universalism. More in particular, it discusses the issue of earmarking receipts. It is concluded that most of the perceived benefits of special fund accounting do not occur in practice. Second, the paper deals with the principle of an efficient division of the budget. It is concluded that the credibility of the main argument for a capital budget, being that it reinforces the allocation function of the budget, is questionable.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 6052.
Date of creation: 1996
Date of revision:
Publication status: Published in Public Budgeting and Financial Management 1.8(1996): pp. 26-46
Budget principles; special fund accounting; capital budget; Netherlands;
Find related papers by JEL classification:
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
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- Brennan,Geoffrey & Buchanan,James M., 1980.
"The Power to Tax,"
Cambridge University Press, number 9780521233293.
- repec:fth:eeccco:96 is not listed on IDEAS
- James M. Buchanan, 1963. "The Economics of Earmarked Taxes," Journal of Political Economy, University of Chicago Press, vol. 71, pages 457.
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