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Article: What's wrong with budgeting? A framework for evaluating and fixing public sector financial planning processes.
- Article from:
- Government Finance Review
- Article date:
- October 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rather than abandoning budgeting altogether or living with its defects, governments are using the National Advisory Council on State and Local Budgeting's recommended practices as an organizing framework to enhance the credibility and vitality of the budgeting function.
Budgeting is under attack. Critics contend that budgeting is incremental, consumes many months and thousands of hours of staff time, is dollar-centric and ignores performance, and leads employees to focus on the wrong targets at the expense of customer service and overall corporate goals. And the criticism does not stop here. Budgeting is argued to be autocratic because central oversight agencies ...