Biennial Budgeting for the Federal Government: Lessons from the States

Charles Whalen
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Charles Whalen: The Jerome Levy Economics Institute

Macroeconomics from EconWPA

Abstract: Proposals that would establish a two-year budget and appropriations cycle for the U.S. government have been offered by both Democrats and Republicans in recent years. This article analyzes the potential impact on such budgeting. The first section examines the budget period in theory and practice. The second section introduces federal biennial- budgeting proposals and the core arguments offered in support of this reform. The next three sections draw heavily on studies of state budgeting -- including a new biennial-budgeting survey prepared by the state of New Jersey -- to evaluate these arguments. The article concludes the federal budget process can be structure in a way that permits the advantages of biennial budgeting to outweigh its disadvantages.

JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe and nep-pub
Date: 1998-10-29
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 37; figures: included
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:9810008

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