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Budgeting for Federal Capital

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  • Paul L. Posner
  • Trina V. Lewis
  • Hannah Laufe

Abstract

This article examines the issues involved in federal investment budgeting and planning for the acquisition of federally‐owned assets. It describes the unique role of the federal government and examines the different issues and reforms prompted by differing types of capital and investment sponsored at the federal level. It suggests that meaningful changes can be instituted in our budgeting practices that can make a difference for our budgetary choices without adopting a full‐scale capital budget. It also presents a framework for improving federal agency capital decision making based on a study of practices used by leading state and local and private sector organizations. The article is based on testimony delivered before the President's Commission to Study Capital Budgeting.

Suggested Citation

  • Paul L. Posner & Trina V. Lewis & Hannah Laufe, 1998. "Budgeting for Federal Capital," Public Budgeting & Finance, Wiley Blackwell, vol. 18(3), pages 11-23, September.
    • Handle: RePEc:bla:pbudge:v:18:y:1998:i:3:p:11-23
    DOI: 10.1046/j.0275-1100.1998.01139.x
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