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The EU's 27 members have spent freely since early 2020 to support their economies and citizens through a global pandemic, a war on their doorstep and an energy-price surge. Back [...]

Byline: RAINA LIPSITZ A former federal prosecutor who served as the Democrats' lead counsel during the first impeachment of former President Donald Trump, Rep. Dan Goldman has frequently appeared on [...]

Having flirted with madness, Congress decided to avert a sovereign default and allow the government to resume borrowing. But although the debt-ceiling negotiations are over, their aftershocks will ripple through [...]

We're nearly at the halfway point of the year, which means for lawmakers in Washington, D.C., the guessing game is well underway as to whether or not Congress will finish [...]

Byline: BRIAN PASCUS Democrats in Albany have agreed on a record-breaking $220 billion budget for the fiscal year that began April 1. A vote is expected soon. Gov. Kathy Hochul, [...]

Despite its recent breakdown, Joe Biden's party looks likely to pass his domestic agenda into law IF PERCEPTION IS a construct of language, as an American anthropologist called Benjamin Lee [...]

Byline: Aaron Elstein and Maya Kaufman A $40 million investment that generates a $1.8 billion annual return sounds too good to be true. But that's what New York is in [...]

Federal lawmakers must still agree to a long-term or permanent solution that addresses the United States' statutory borrowing limit--known more commonly as the debt ceiling or debt limit. Recently, Congress [...]

The primary objective was to determine if an International Public Sector Accounting Standard (IPSAS) should be issued on budget reporting. Recommendations on the various aspects of budget formulation, execution, and reporting for application in United States are highlighted.

Budget redirection in Georgia state government represents a change from the expectation of continuous budget growth to an expectation that budget expansion will be accompanied by compensating budget reductions through an ongoing process of priority assessment. Its essential features are: the requirement that state agencies identify a minimum of 5 percent of their current year's budget which becomes the primary means for funding new programs and services in the coming fiscal year; and a limit, based upon revenue projections, on the amount an agency may request above the current year's budget. Like budget reforms in any era, it emanated from a combination of fiscal, managerial, and political objectives.

Under this allegorical title the article addresses the lawmaking process that has led to the acceptance of three major laws: the 1996 welfare law, the 1997 tax law, and the 1997 balanced budget law. The article presents the author's critical views regarding the budget reconciliation process that underlies the acceptance of these laws.

Beginning in January 1997, the president will have the power to veto line-items in appropriations bills. This article examines four paragraphs about the line-item veto from Jesse Burkhead's Government Budgeting. Eight themes from Burkhead's writing are identified and compared to practice by the states.

The Omnibus Budget Reconciliation Act of 1993 -- the framework for the Clinton administration's current and future budget proposals -- seems to be a success. However, the details of the Act are very similar to the long-term budget plan passed in 1990, legislation that failed to deliver the deficit reduction it promised. This article documents the fact that the failure of the 1990 law is, to a significant degree, attributable to 'technical' problems that were largely unanticipated and that are not yet well understood. Thus, the prospects for declining deficits may be as much a matter of luck as of design.

Republican leaders in the General Assembly who have backed local government reform will trade ambitious proposals they've pursued in years past for more moderate--and widely accepted--ideas in the next legislative [...]

A majority of the states in 1993 approved new development incentive programs to attract corporate facilities. Moreover, some states implemented major reforms in workers' compensation and in environmental issues. However, these positive trends are hampered by tax increases and budget cuts implemented in many states. Inspite of the erratic developments, education and worker-training programs were still the top priorities of the lawmakers.

Decentralization of the development budget process in Indonesia has been a high priority of official reform efforts for over fifteen years, but in many respects the process remains highly centralized. This article describes the forces that helped shape this centralized process, in which central planners traditionally have had a degree of influence over budgeting that is unusual in the developing world. Efforts to help local officials play a more meaningful role in this process are reviewed, including innovative training programs introduced recently in response to enduring problems affecting local level participation. Although these recent efforts appear to be productive, government reformers recognize that meaningful decentralization over the longer term will be difficult to achieve without more fundamental changes in policies, procedures, and attitudes at the central level of government.

This article will attempt to demonstrate the limitations of budget reforms to bring about fundamental change in budget outcomes. In an effort to determine the extent to which these reforms have had any lasting effect, the author first discusses the history of federal budgeting since the advent of the executive budget in 1921. Second, the author reviews three reforms that are prominent in the U.S. Congress current budget debate - enacting fixed budget targets, granting the president increased power in the budget process through enacting a line item veto, or implementing a performance-based budget. Lastly, the author will cite the limitations of each to bring about lasting changes in budget outcomes or decision processes.

in our February issue, we outlined the significant measures introduced in budget 2007 and implemented in the Finance Bill. Here, we cover some unexpected changes to those measures and outline [...]

With Congress in search of budget savings this year, it's clear that one of public health care's two 800-pound gorillas--Medicaid--is on the table for surgery. The White House laid out [...]

The point-by-point run-down of the main changes in Gordon BrownEs 9 April 2003 budget is provided. The tax relief for some software used in R&D projects are examined.

President Obama submitted his fiscal 2015 budget requests to Congress March 4, which covers the period from Oct. 1 to Sept. 30, 201 5. The budged proposal for all USDA [...]

Byline: Dr. William When politics meets energy A Vol. 235 No. 1WHATaS NEW IN EXPLORATION DR. WILLIAM J. PIKE, EDITORIAL ADVISORY BOARD CHAIRMAN When politics meets energy I am sure [...]

None of the deeper problems with American government was solved this week IMAGINE you are in a taxi and the driver suddenly turns violently and speeds towards a wall, tyres [...]

Byline: Joe Carlson Approached from the south, Columbus Community Hospital appears to pop out of a farm field on the outskirts of a small city in south-central Wisconsin. Like a [...]

Barack Obama was obliged to break a two-year silence over the fate of the inmates at Guantánamo Bay, after around 100 of the remaining 166 prisoners started a hunger strike [...]

Italy and Poland are set to receive the greatest share of EU funds under the school fruit scheme for the 2013-2014 school year, after the European Commission adopted allocations, on [...]

President Clinton and Sen Trent Lott, by showing a willingness to compromise to forge a federal budget agreement, have demonstrated an understanding of the political price that ideological stalemate entails. The agreement is far from becoming law, however, and compromise is not likely to remain the order of the day. Clinton must continue to lead efforts to compromise, but his ability and perhaps will to do so are diminishing., Together with House Speaker Newt Gingrich's moves toward the center, the Clinton-Lott nexus is significant because it shows that both leaders' recognize the political price of the ideological stalemate that [...]