Description: Every government engages in budgeting and public financial management to run the affairs of state. Effective budgeting empowers states to prioritize policies, allocate resources, and discipline bureaucracies, and it contributes to efficacious fiscal and macroeconomic policies. Budgeting can be transparent, participatory, and promote democratic decision-making, or it can be opaque, hierarchical, and encourage authoritarian rule. This book compares budgetary systems around the world by examining the economic, political, cultural, and institutional contexts in which they are formulated, adopted, and executed. The second edition has been updated with new data to offer a more expansive set of national case studies, with examples of budgeting in China, India, Indonesia, Iraq, and Nigeria. Chapters also discuss Brexit and the European Union's struggle to require balances budgets during the Euro Debt Crisis. Additionally, the authors provide a deeper analysis of developments in US budgetary policies from the Revolutionary War through the Trump presidency.
Brief description: James D. Savage is Professor of Politics and Public Policy at the University of Virginia. Savage is the author of Reconstructing Iraq's Budgetary Institutions: Coalition State Building after Saddam (Cambridge University Press, 2013), Funding Science in America: Congress, Universities, and the Politics of the Academic Pork Barrel (Cambridge University Press, 2000), Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht, and Balanced Budgets and American Politics.