Federal Budget & and Financial Management Reform

Federal Budget & Financial Management Reform
Federal budget & and financial management reformLibrary of Congress Cataloging-in-Publication Data
Federal budget and financial management reform /[edited by] Thomas D.
p. cm.
ISBN 0-89930-538-5
1. Budget-United states. 2. Finance, Public-United States.
3. Government spending policy-United States. 4. United States-
Appropriations and expenditures. I. Lynch, Thomas Dexter, 1942
HJ2052.F4 1991
353.0072’2-dc20 90-20711

British Library Cataloging in Publication Data is available

All rights reserved. No portion of this book may be reproduced, by any process or technique, without the express written consent of the publisher.

A collection of original essays by specialists in the field, this book examines the crucial budgetary and financial management problems that face the U.S. government and makes concrete recommendations on how current processes can be improved. The authors make it clear that although the present federal budgetary and financial management systems are not working, the case is far from hopeless.

Several chapters analyze the flaws in the federal budget-making process that lead to deadlock between the president and Congress and ultimately to higher deficits. To remove the checks and balances system from its present political stalemate, a workable two-stage budgetary process is suggested and bipartisan action at the highest level in strongly urged.

Another chapter explains the context in which forecasting is used in federal government budget making address the problem of the failure to predict the yearly budget deficit with reasonable accuracy. Proposals for improving public financial management include centralizing financial management functions, improving debt collections practices, eliminating deficiencies in the application of information technology, and “privatizing” entities such as the postal service, AMTRAK, and Social Security. Providing clarification of complex issues together with constructive approaches to reform, this book will be of internet to both general readers and scholars, students, public policy, and financial management.

Copyright © 1991 by Thomas D. Lynch

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