Budget Approaches

Instructions

When dealing with public policy and funding, it is very important to understand budgeting and its various approaches. In this assignment, you research and share information about budgeting approaches.Write a 550-word paper in which you:Evaluate how different budget approaches impact the development, implementation, and justification of existing and new programs.Identify at least two major budgetary reform approaches, such as zero-based budgeting and performance-based budgeting, and their effects on justification of new or existing programs.Provide a brief description of these approaches and their effects on budgeting.Explain how these major reform approaches might assist a community as it deals with decreased funding from the state or federal government and lower collections of revenue at the local level.Identify the impact of these major reform approaches on the budget office.Include at least two academic resources in your paper to support your points.Format your paper according to APA guidelines.

Answer

Budgeting Approaches Evaluate how different budget approaches impact the development, implementation, and justification of existing and new programs.Budgeting is defined as the process of creating a plan of how funds will be allocated to different needs (Lee et al., 2021). A budget informs the planner whether they have enough funds to implement the plans they have and also how the funds will be allocated to the various competing needs. If funds are available, the planner can decide between implementing a new program or only maintaining existing programs.There is a number of different budgeting approaches when it comes to public policy. One of these is zero-based budgeting whereby all expenses are justified for each new period. This approach impacts the justification of new and existing pro...
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