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Budgeting for Federal Capital
Author(s) -
Posner Paul L.,
Lewis Trina V.,
Laufe Hannah
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.0275-1100.1998.01139.x
Subject(s) - capital budgeting , commission , capital (architecture) , agency (philosophy) , finance , investment (military) , government (linguistics) , business , scale (ratio) , state (computer science) , accounting , economics , public administration , political science , law , debt , philosophy , linguistics , physics , archaeology , epistemology , quantum mechanics , algorithm , politics , computer science , history
This article examines the issues involved in federal investment budgeting and planning for the acquisition of federally‐owned assets. It describes the unique role of the federal government and examines the different issues and reforms prompted by differing types of capital and investment sponsored at the federal level. It suggests that meaningful changes can be instituted in our budgeting practices that can make a difference for our budgetary choices without adopting a full‐scale capital budget. It also presents a framework for improving federal agency capital decision making based on a study of practices used by leading state and local and private sector organizations. The article is based on testimony delivered before the President's Commission to Study Capital Budgeting.