Public vs. Private Budget Strategies Paper CJA/365 Professor Public vs. Private Budget Strategies Paper

Using a calendar is imperative to creating a budget because it institutes goals that must be met in a timely manner. Organizing a budget is complex and involves the whole government. Deciding and delegating who must do what and when is the first step to preparing a budget. A budget focuses on a specific year, but the preparation, execution, and evaluation of that budget will take place over a period of several years.

Public vs. Private There are four stages of the budget cycle. The first stage is planning and analysis at the agency, bureau, or department level. This takes place at the beginning of the budget cycle. The second stage is the policy formulation. This...