Budgets 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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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
6052.
Length: Date of creation: 1996 Date of revision: Publication status: Published in Public Budgeting and Financial Management 1.8(1996): pp. 26-46 Handle: RePEc:pra:mprapa:6052
Find related papers by JEL classification: H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
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