Chapter 22 Expense Management and the Government—A Misnomer?
Government should be able to utilize a long time frame when choosing where to spend its citizens’ money. However, this does not usually occur as election cycles ruin long-term planning. More often when a group is in power there is a sense of urgency to get things done and spend ahead of the next election cycle. Sometimes the spending favors groups that support the winning side rather than what is best long term for the country.
Government budgets are enormous compared to most corporate budgets. Therefore, where and how governments decide to spend money has far reaching consequences on the economy and specific sectors.
Governments spend money related to running the every-day business ...