BUDGET AND BUDGETARY CONTROL

The effect of the budget slack creation and budget internal control by managers on maximization of utility function in budgetary participation

When evaluating of the senior manager’s performance is based on the achieving to budget and they have responsibility to report the capacity of resources which are in their part too; it is possible to create budget slack and effect on their performance evaluation by providing pessimistic and conservatively estimates or manipulated information of income and expenses. So, Senior Manager and Budget...

the effect of the budget slack creation and budget internal control by managers on maximization of utility function in budgetary participation

when evaluating of the senior manager’s performance is based on the achieving to budget and they have responsibility to report the capacity of resources which are in their part too; it is possible to create budget slack and effect on their performance evaluation by providing pessimistic and conservatively estimates or manipulated information of income and expenses. so, senior manager and budget...

The Macroeconomic and Budgetary Effects of an Illustrative Policy for Reducing the Federal Budget Deficit

The federal government’s debt has increased dramatically in the past few years, and large annual budget deficits will probably continue indefinitely under current laws or policies. If current laws remain unchanged, deficits will total roughly $7 trillion over the next 10 years, the Congressional Budget Office (CBO) projects; if certain policies that are scheduled to expire under current law wer...

Tradeoffs of Austrian Budgetary Policies: an Optimum Control Analysis

In this paper, we use optimum control methods to determine optimal budgetary policies for Austria over a five-year horizon. Optimal fiscal policies are calculated using the algorithm OPTCON. Optimal policies are compared to a simulation using extrapolated values of budgetary policy variables in terms of their performance with respect to Austrian macroeconomic targets. Policy tradeoffs between t...

Budgeting and Budgetary Institutions