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The President's Commission to Study Capital Budgeting: An Interim Review
Author(s) -
Phaup Marvin
Publication year - 1998
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1046/j.0275-1100.1998.01138.x
Subject(s) - commission , interim , capital budgeting , capital (architecture) , government (linguistics) , convention , accounting , point (geometry) , economics , finance , business , public administration , political science , law , linguistics , philosophy , geometry , mathematics , archaeology , project appraisal , history
The President's Commission to Study Capital Budgeting is slated to complete its report by year‐end 1998. Even though it would be premature to try to anticipate the Commission's recommendations, it is already clear that the Commission will contribute significantly to the capital budgeting debate by casting the concept of capital budgeting broadly, as a systematic decision process, rather than merely a budget accounting or scoring convention or a government financing alternative to the balanced budget rule. This article summarizes some of the analytical accomplishments of the Commission at the mid‐point of its expected life.