Public Sector Governance and Accountability Series: Budgeting and ...

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Contents
Conclusions 48
Notes 49
References 49
2
3
4
The Budget and Its Coverage 53
Salvatore Schiavo-Campo
Good Governance and Public Expenditure Management 54
The Meaning of Fiduciary Risk in Public Finance 55
The Unity of the Budget 55
Coverage, Periodicity, and Definitions 56
Principles of Expenditure Policy Choices and of
Budget Coverage 60
Extrabudgetary Funds 61
Beyond Direct Expenditure 72
Basic Budget Legislation 81
Notes 86
References 87
Capital Budgets: Theory and Practice 89
A. Premchand
Evolution 90
Current Practices 101
Notes 108
References and Other Sources 108
Budget Methods and Practices 109
Alta Fölscher
The Nature of the Problem 109
Beyond Incrementalism: Rationality and Incentives in
Budget Methods 118
Conclusion 134
Note 134
References 134