FUND ACCOUNTING AND CAPITAL BUDGETING: EUROPEAN EXPERIENCES

M van der Hoek

MPRA Paper from University Library of Munich, Germany

Abstract: Budgets have to meet a number of principles in order to fulfil their functions properly. This paper focuses on two of these budget principles. First, it addresses the principle of unity and universalism. More in particular, it discusses the issue of earmarking receipts. It is concluded that most of the perceived benefits of special fund accounting do not occur in practice. Second, the paper deals with the principle of an efficient division of the budget. It is concluded that the credibility of the main argument for a capital budget, being that it reinforces the allocation function of the budget, is questionable.

Keywords: Budget principles; special fund accounting; capital budget; Netherlands (search for similar items in EconPapers)
JEL-codes: H61 (search for similar items in EconPapers)
Date: 1996
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Published in Public Budgeting and Financial Management 1.8(1996): pp. 26-46

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Journal Article: Fund accounting and capital budgeting: european experiences (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6052

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