Budgeting for mandatory spending prologue to reform Marvin Phaup
By: Phaup, Marvin
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Material type: 
ArticlePublisher: 2019Subject(s): PRESUPUESTOS | CONTABILIDAD PUBLICA | GASTO PUBLICO | ESTADOS UNIDOSOnline resources: Click here to access online
In:
Public Budgeting and Finance v. 39, n. 1, Spring 2019, p. 24-44Summary: This paper identifies a feature of the federal budget process that, consistent with the findings of behavioral research, increases the difficulty for policymakers of restraining the growth of mandatory spending to sustainable rates: budgetary accounting. Specifically, use of cash-basis accounting, on-budget payment accounts, and a narrow definition of debt defers recognition of the cost of mandatory spending until benefits are payable and politically unavoidable. Acting to control “future” costs is cognitively more difficult for decision-makers than addressing cost now as obligated. The paper proposes a trial of alternative budgetary accounting for mandatory spending that saliently recognizes cost as it accrues.
| Item type | Current location | Home library | Call number | URL | Status | Date due | Barcode |
|---|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1716/2019/1-1 (Browse shelf) | https://onlinelibrary.wiley.com/doi/epdf/10.1111/pbaf.12210 | Available | OP 1716/2019/1-1 |
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This paper identifies a feature of the federal budget process that, consistent with the findings of behavioral research, increases the difficulty for policymakers of restraining the growth of mandatory spending to sustainable rates: budgetary accounting. Specifically, use of cash-basis accounting, on-budget payment accounts, and a narrow definition of debt defers recognition of the cost of mandatory spending until benefits are payable and politically unavoidable. Acting to control “future” costs is cognitively more difficult for decision-makers than addressing cost now as obligated. The paper proposes a trial of alternative budgetary accounting for mandatory spending that saliently recognizes cost as it accrues.
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