The Crisis Effect on Performance Based Budgeting (original) (raw)

Public Administration Quarterly, 2010

Abstract

THE MANAGERIAL FOUNDATION OF BUDGETING The global economic crisis poses significant questions to both the theory and practice of budgeting, disputing the validity of well established theorems and practices. The crisis questions the core notion of "performance" as well as other cardinal concepts of Performance Based Budgeting (PBB), such as the "greatest return in social utility" (Downs 1960), "political and social consent" (Key 1940)- notions central to the way state resources were allocated during the previous five decades. The crisis influences the budgetary agenda, as new facts arise (such as climate change, clean energy, employment policies) which call for a revision of the methods and tools used up to now. Other issues which also emerge refer to the internal organization of the structures dealing with the budget as well as with the structures involved in recruiting, training and evaluating their staff. The discourse on budgeting has been going on f...

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