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Fund Accounting And Capital Budgeting: European Experiences


  • van der Hoek, M. Peter


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.

Suggested Citation

  • van der Hoek, M. Peter, 1996. "Fund Accounting And Capital Budgeting: European Experiences," MPRA Paper 6052, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:6052

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    References listed on IDEAS

    1. Brennan,Geoffrey & Buchanan,James M., 2006. "The Power to Tax," Cambridge Books, Cambridge University Press, number 9780521027922, April.
    2. James M. Buchanan, 1963. "The Economics of Earmarked Taxes," Journal of Political Economy, University of Chicago Press, vol. 71, pages 457-457.
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    More about this item


    Budget principles; special fund accounting; capital budget; Netherlands;

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems


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