"Most of the Major Reforms, Whether Attempted or Proposed, in Public

question 5

Essay

"Most of the major reforms, whether attempted or proposed, in public budget systems have been intended to reorganize existing information and to provide participants with new and greater quantities of information." (Introduction, page 16).
Describe the two types of information that have been the focus of budget reform and explain the differences between the two in terms of what they emphasize about public budgeting decision making. Hint: What does each type of information tell you about the budget?

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Definitions:

Wire Fraud

Wire fraud is a criminal offense involving the use of telecommunications or the internet to defraud individuals or entities of money, property, or valuable information.

Overt Act

An action that is openly done and can be clearly proved as part of the commission of a crime or tort.

Bank Fraud Statute

A legal provision aimed at fighting fraudulent activities targeting financial institutions, including deception for financial gain against banks.

Property Rights

are legal rights to possess, use, and dispose of assets or property.