Evolution of United States Budgeting / Edition 2

by Annette Meyer

Overview

As a fiscal document recording the spending, taxing, and borrowing policies for the coming year, the U.S. budget continues to be a model for other nations. This book focuses on the various phases of budget making, its historical background in fiscal and monetary terms, and special budgetary issues, including the budget balance, credit activities of Government-Sponsored Enterprises, the future health of Social Security, and the budget's relationship to the financial and public goods aspects of the international environment. Covering major changes in the structure and process of budgeting since 1989, when the book was first published, this volume covers new ground in many aspects of fiscal and financial policy, domestically and internationally.

Each section of the book is devoted to a different aspect of U.S. budgeting, ranging from the foundations of the present policies, to the annual budget cycle, to the actual methods of accomplishment, and the containment of those policies in the global framework. One section focuses on high visibility issues-Social Security, surpluses, federal debt, and entitlement programs. The book provides a valuable overview for those wishing to understand the budget process and its foundations while aspiring to help improve that process.

Product Details

ISBN-13:	9780275975265
Publisher:	Bloomsbury Academic
Publication date:	05/30/2002
Edition description:	REVISED & EXPANDED
Pages:	288
Product dimensions:	6.14(w) x 9.21(h) x 0.69(d)

About the Author

ANNETTE E. MEYER retired as Associate Professor of Economics at The College of New Jersey in 1992 and more recently has been Adjunct Assistant professor of Economics at Hunter College./e In addition to the earlier edition of this book, she is the author of numerous articles.

Table of Contents

Introduction
Foundations of United States Budget Policies
Fiscal Institutions and Concepts
Financial Institutions and Concepts
An Overview of the Budgetary Process
Executive Formulation
Congressional Action
Budget Execution
Budget Content and Presentaion
Trends in Budget Totals
Summary and Financing of the Federal Budget
Budget Reporting and Control
Budget Authority, Capital Budgeting, and Impoundment
Current Services Budget, Tax Expenditures Budget, and Off Budget Federal Entities and Activities
Perspective on Deficits and Surpluses
The United States Budget in an International Setting
Megamacroeconomics and International Finance
Megamicroeconomics and Global Federalism
Epilogue
References
Index

Editorial Reviews

Meyer (retired, economics, College of New Jersey) outlines the history of the U.S. Federal Government's budgeting process. Chapters look at the processes of the executive budget, the congressional decision making on the president's proposal, and spending and control measures. The budget contents, its format, financing, and general trends in government expenditures and taxes over time are discussed. Topics related to spending limits, capital budgeting, Social Security, and the Government Sponsored Enterprises (GSEs) are also examined. Finally, matters of international finance as they relate to the budget are examined. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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