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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Budget Issues: Budgeting Practices in West Germany, France, Sweden, and Great Britain: AFMD-87-8FS

Budget Issues: Budgeting Practices in West Germany, France, Sweden, and Great Britain: AFMD-87-8FS

U. S. Government Accountability Office (G

Paperback

General Political Science

ISBN10: 1287181805
ISBN13: 9781287181804
Publisher: Bibliogov
Published: May 16 2013
Pages: 24
Weight: 0.14
Height: 0.05 Width: 7.44 Depth: 9.69
Language: English
Pursuant to a congressional request, GAO provided information on the budgeting practices of West Germany, France, Sweden, and Great Britain, specifically: (1) whether their budgets are on a cash or accrual accounting basis; (2) whether they have unified budgets or separate capital and noncapital budgets; (3) how they fund capital and noncapital expenditures; and (4) whether they have balanced-budget requirements.

GAO found that: (1) all of the countries have a unified, cash-basis budget; (2) although none of the countries has a separate capital budget, they each provide information in their budget documents on capital investment expenditures; (3) income and value-added taxes are the primary funding sources for capital and noncapital investments; (4) none of the countries earmarks funds from a specific source of revenues for capital investments; (5) Sweden, Great Britain, and France are permitted to have a budget deficit; and (6) West Germany is legislatively required to balance its current-year budget, and does so by borrowing to cover the difference between revenues and expenditures.

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