Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

Public Budgeting, Essay Example

Pages: 1

Words: 354

Essay

“Public budgeting shares the characteristics of all budgeting.  It makes choices between possible expenditures, it has to balance, and it has a decision-making process (Stillman 2010).”  Public budgeting supplies several significant purposes within the government.  For example, budgets can be viewed as a legal contract that identifies an individual and/or an organization’s goals and objectives.  Also, a budget can be viewed as a political document that reveals concluding funds for a desired project.

Nevertheless, significant differences exist between public and private firm budgeting.  A huge distinction between public and private firm budgeting, is the motivation within final budget decisions.  “The private sector is characterized by the profit motive, whereas government undertakes many things that are financially unprofitable (Lee, et. al2008).”  In essence, private firms are constantly basing their final budget on how a particular motive can benefit the company on a short-term profit.  Public firms are constantly focusing on the “next big thing,” that can cause attraction to their company, and raise short-term profits.  Whereas, public budgeting focuses on benefiting in a long-term aspect.  Also, focuses on valuable ways to improve the government, as well as the citizens.  Sometimes, in public budgeting, profit isn’t a factor, however finding ways to improve the government in a beneficial way, on a financial plan.

Exceptions to this generalization are government activities that yield revenues.  State control and sale of alcoholic beverages, whether undertaken for profit or for regulation of public morals, can be evaluated, like any other business, in terms of profit and loss (Lee et. al 2008).

In essence, public budgeting focuses on ways to improve the government as a whole, whether it is long term or short term.  Also, public budgeting isn’t based on increasing profit.  It is a nonprofit able financial plan that is created that won’t harm the government’s funds; yet still improve the government as a whole.  However, private firm budgeting is a financial method that is used to benefit a company in a profitable way.

References

Lee, et. al. (2008).  Public Budgeting Systems.  New York: Jones and Barlett Publishers, Inc.

Stillman, R. J. (2010). Public administration: Concepts and cases (9th ed.). Boston: Wadsworth. (p. 1-494). ISBN: 978-0-618-99301-7.

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Essay Samples & Examples

Prevent terrorist strikes on American soil, Essay Example

Goal, Objectives, and Strategies The Department’s goal is to protect the homeland by thwarting terrorist threats and implementing emergency plans. These are the Department’s top [...]

Pages: 1

Words: 412

Essay

Science and Technology and Nation-Building, Essay Example

Science plays a pivotal role in technology. The combination of science and technology (S&T) results in the development of new knowledge used to improve human [...]

Pages: 3

Words: 768

Essay

Plato’s Portrayal of Socrates and the Historical Socrates, Essay Example

Socrates, the Athenian philosopher, changed how philosophers thought about the world. However, modern audiences believe that Socrates did not write any of his ideas down [...]

Pages: 5

Words: 1285

Essay

Ambiguity, Essay Example

The New Task I am Proposing My proposal is a promotion at work. I am a Business Development Associate at Universal New York, NY. My [...]

Pages: 1

Words: 278

Essay

Narratives That Shape Our World, Essay Example

The context and the values in the text Othello by William Shakespeare have shaped me in perspective through the main character Othello. I perceive life [...]

Pages: 6

Words: 1574

Essay

Cyber Security Career Path, Essay Example

Background The field of technology is quite intriguing. It’s fascinating to see how different technologies operate and what they have in common. It amazes me [...]

Pages: 7

Words: 1796

Essay

Prevent terrorist strikes on American soil, Essay Example

Goal, Objectives, and Strategies The Department’s goal is to protect the homeland by thwarting terrorist threats and implementing emergency plans. These are the Department’s top [...]

Pages: 1

Words: 412

Essay

Science and Technology and Nation-Building, Essay Example

Science plays a pivotal role in technology. The combination of science and technology (S&T) results in the development of new knowledge used to improve human [...]

Pages: 3

Words: 768

Essay

Plato’s Portrayal of Socrates and the Historical Socrates, Essay Example

Socrates, the Athenian philosopher, changed how philosophers thought about the world. However, modern audiences believe that Socrates did not write any of his ideas down [...]

Pages: 5

Words: 1285

Essay

Ambiguity, Essay Example

The New Task I am Proposing My proposal is a promotion at work. I am a Business Development Associate at Universal New York, NY. My [...]

Pages: 1

Words: 278

Essay

Narratives That Shape Our World, Essay Example

The context and the values in the text Othello by William Shakespeare have shaped me in perspective through the main character Othello. I perceive life [...]

Pages: 6

Words: 1574

Essay

Cyber Security Career Path, Essay Example

Background The field of technology is quite intriguing. It’s fascinating to see how different technologies operate and what they have in common. It amazes me [...]

Pages: 7

Words: 1796

Essay

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!