Concept of real-time budgeting


Assignment:

QUESTION 1

Please explain and evaluate Irene Rubin's concept of "real-time budgeting." Specifically, after explaining what she means by "real-time budgeting" please evaluate this concept in light of it's implications related to budgetary decision making, the idea of Constitutionally limited government, and a Biblical worldview.

QUESTION 2

Please identify and explain the 5 distinct areas that affect budgetary decision-making according to Irene Rubin.

QUESTION 3

Irene Rubin identifies several common themes in budgetary decision-making. One of those is the tension between openness and secrecy. Please evaluate this dynamic and its implications for public budgeting. What, if any, legitimate reasons might exist for secrecy? In what ways might secrecy be used for political purposes? How might a Judeo-Christian world view influence or inform an evaluation of secrecy and openness in public budgeting?

QUESTION 4

Please evaluate the impact of increasing political polarization on the public budgeting process.

QUESTION 5

Please evaluate the role of federalism in the public budgeting process.

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Finance Basics: Concept of real-time budgeting
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