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Chapter 4. THE BUDGET PREPARATION PROCESS A. …

Chapter 4. THE BUDGET PREPARATION PROCESS A. …

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preparation process. As will be stressed repeatedly in this volume, it is possible to execute badly a realistic budget, but impossible to execute well an unrealistic budget. There are no satisfactory mechanisms to correct the effects of an unrealistic budget during budget execution. Thus, across-the-board appropriation “sequestering” leads

  Preparation, Effect

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