Comparative Public Budgeting

Every government engages in budgeting and public financial management to run the affairs of state. Effective budgeting empowers states to prioritize policies allocate resources and discipline bureaucracies and it contributes to efficacious fiscal and macroeconomic policies. Budgeting can be transparent participatory and promote democratic decision-making or it can be opaque hierarchical and encourage authoritarian rule. This book compares budgetary systems around the world by examining the economic political cultural and institutional contexts in which they are formulated adopted and executed. The second edition has been updated with new data to offer a more expansive set of national case studies with examples of budgeting in China India Indonesia Iraq and Nigeria. Chapters also discuss Brexit and the European Union''s struggle to require balances budgets during the Euro Debt Crisis. Additionally the authors provide a deeper analysis of developments in US budgetary policies from the Revolutionary War through the Trump presidency.