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Expenditure Budget (expenditure + budget)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting75%

Selected Abstracts

Tax Expenditure Budgets, Budget Policy, and Tax Policy: Confusion in the States

PUBLIC BUDGETING AND FINANCE, Issue 4 2002
John L. Mikesell
A tax expenditure budget should contribute to efficient and effective public decisions by quantifying the division in the tax structure between provisions that represent revenue policy (distribute the cost of government according to the legislated tax base) and parts that represent budget policy (substitute for direct spending). For this transparency to have the desired impact, however, the tax expenditure budget process and the direct expenditure process must be properly integrated and the tax expenditure budget must make an accurate division between the parts of the tax structure. A review of the 33 states with tax expenditure systems shows many weaknesses in application of the concept and poor linkage to the direct spending budget system. Their most significant flaw is in dividing the tax structure into normal and preference elements; states need greater attention to defining their basic tax structure if they are to have a meaningful tax expenditure budget. [source]

Demographic Change and Asian Dynamics: Social and Political Implications

ASIAN ECONOMIC POLICY REVIEW, Issue 1 2009
Takashi INOGUCHI
J11; D63; F2; H55; H56 This article describes the demographic change and its social and political implications in East and South-East Asia with a trajectory up to 2050. It selectively touches on inequalities, migration, social policy, and international security. In the course of this exercise, I present two hypotheses: one relating to the formation of the new middle class, and the other relating to the geriatric peace argument. The first hypothesis posits that when the growing inequalities in terms of per capita income aggravate the sense of happiness among the low- and middle-income strata as contrasted to high-income strata, the formation of a new middle class becomes more difficult. The second hypothesis posits that when the aging population carries a large demographic weight, it tends to be transformed into strong political voice, which is, in turn, translated into larger government spending on social policy items often accompanied by a likely decline in the defense expenditure budget. These hypotheses paint a provocative picture of East and South-East Asia in the next four decades, especially in the wake of the deepening economic difficulties prevailing over the entire globe. I present these hypotheses for further conceptual elaboration and empirical analysis. [source]

A portfolio approach to maintenance: a case study of a residential estate

QUALITY AND RELIABILITY ENGINEERING INTERNATIONAL, Issue 3 2008
L. K. Chu
Abstract The choice between repairing and replacing a defective piece of equipment is an economic decision that is faced by all maintenance managers, including housing estate managers. Such decisions need to be made within the limits and constraints set by maintenance expenditure budgets and by manpower availability. Our particular problem is concerned with the development of a maintenance policy for a residential estate of the Hong Kong Housing Authority. Our approach is to treat the numerous housing systems as a portfolio and to exploit flexibilities in performing or delaying the repair/replacement of these systems. The cost of a repair/replacement plan for the portfolio is formulated as an integer programme and genetic algorithms (GAs) are employed to generate optimal and sub-optimal solution plans. The novel features of the approach are the model developed and use of GAs in this particular optimization context. The results and discussion of the case study will help practitioners to better understand the difficulties involved in collecting relevant cost data and in formulating repair/replacement plans for a group of buildings. Copyright © 2007 John Wiley & Sons, Ltd. [source]