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BUDGETCYCLESC hapter 353 Public budgeting systems, which are devices for selecting societal ends andmeans, consist of numerous participants and various processes that bring the par-ticipants into interaction. As described in preceding chapters, the purpose ofbudgeting is to allocate scarce resources among competing public demands so asto attain societal goals and objectives. Those societal ends are expressed not byphilosopher kings but by mortals who must operate within the context of someprescribed allocation process namely, the budgetary Chapter provides an overview of the participants and processes involved inbudgetary decision making.
prescribed allocation process—namely, the budgetary system. This chapter provides an overview of the participants and processes involved in budgetary decision making. First, the phases of the budget cycle are reviewed. Any system has some structure or form, and budgetary systems are no exception.As will
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