1. PUBLIC FINANCIAL MANAGEMENT CHAPTER 12

2. PUBLIC FINANCIAL MANAGEMENT
THE IMPORTANCE OF PUBLIC FINANCIAL MANAGEMENT
Six Principles
Balance Budgets
The Fiscal Year

3. PUBLIC FINANCIAL MANAGEMENT
THE BUDGET GAME
The Politics of the Budgetary Process
The Budget-Maximizing Bureaucrat

4. PUBLIC FINANCIAL MANAGEMENT
BUDGETING THEORY& PRACTICE
The Taft Commission
The Influence of Keynes
The Objectives of Budgeting
The Two Types of Budgets

5. PUBLIC FINANCIAL MANAGEMENT
WAVES OF INNOVATION IN BUDGET-MAKING
The Executive Budget
Line-Item Budgeting
Performance Budgeting
Program Budgeting Versus Incrementalism
Zero-Based Budgeting

6. PUBLIC FINANCIAL MANAGEMENT
CONTEMPORARY BUDGET REFORM
Integrated Budgets
Multiyear Budgets
A Greater Policy Focus

7. PUBLIC FINANCIAL MANAGEMENT
FINANCING PUBLIC EXPENDITURE
Taxation
The Ability-to-Pay Principle
The Flat Tax
User Charges
Grants
Profits
Financial Innovation

8. PUBLIC FINANCIAL MANAGEMENT
THE PROBLEM OF DEBT
Deficit Wars
Abuse of Public Debt
Municipal Bonds
The Rating Agencies

9. PUBLIC FINANCIAL MANAGEMENT
LOCAL GOVERNMENT & FINANCIAL MANAGEMENT
Property Tax
Sales Tax
School Tax

10. PUBLIC FINANCIAL MANAGEMENT
ECONOMIC POLICY
Monetary Policy
Fiscal Policy