Abstract
A government budget is a formal agreement that stipulates how much revenue will be raised, the sources of this revenue, and how the revenue will be spent. In most polities, “the budget” is actually a collection of policy agreements that stipulate tax laws and spending levels for specific programs, rather than a comprehensive, all-inclusive document. The budgetary process thus refers to the set of rules and procedures that policy makers use to formulate, enact, and enforce these revenue and spending agreements.
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Crain, W.M. (2004). Budgetary Processes. In: Rowley, C.K., Schneider, F. (eds) The Encyclopedia of Public Choice. Springer, Boston, MA. https://doi.org/10.1007/978-0-306-47828-4_43
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DOI: https://doi.org/10.1007/978-0-306-47828-4_43
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