Government Budgeting and Control

Week 2 Discussion

Watch the video below titled “NASBO The State Budget Process” (6 min 01 s).

Video Source: National Association of State Budget Officers (NASBO). (2013, May 20). NASBO The State Budget Process [Video file]. Retrieved from https://www.youtube.com/watch?v=dt_yubkp4HI.

Analyze the steps in the budgeting process summarized in the NASBO presentation and discuss how the actions in the process can improve the value and reliability of budget-to-actual comparisons used in budget estimates. Provide an explanation for the budget-to-actual limitations.