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Budgeting And The American Bur Beginning of Paper A Budget is a management tool that is an expression of planned expenditures and revenues. "Budgets serve many important functions in government. In one sense, budgets are contracts annually agreed on by the executive and legislative branches that allow executive agencies and depart .... Middle of Paper .... are similar to that of general budget concepts over balancing expenditures and revenues, but differ in fundamental ways according to Stillman. "The open environments within which budgets are developed, the variety of actors involved, the constraints imposed as well as the emphasis on public accountability, give budgets special and distinctive features in the public sector." The differences between microbudgeting and macrobudgeting are just what their prefaces imply. "On the one hand there are a number budget actors, who have all individua .... 686 words | 3 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95