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PART A: Answer only one of the two questions in this PART A.

Your answer should not exceed three double-spaced pages, 12-point font, and 1 inch margin on all sides. Five points will be subtracted for not following instructions. I will also not read any pages beyond the page limit.

Question 1:

There have been various attempts and approaches to reform the federal budget. Write an essay on budget reform addressing the following:

a) The justification for reforming the federal budget;

b) The various measures that have been proposed and/or employed to reform the federal budget including the successes and failures of each of these measures;

c) The legal/constitutional challenges or issues that have been involved in hying to reform the budget and the results of these legal/constitutional challenges, and.

d) The current type of budgeting employed by the federal government and why does it exist.

Question #2

There arc various institutions that legitimize public policies. Write an essay on policy legitimation addressing the following:

a) Compare and contrast the process of policy legitimation and decision making among these institutions with respect to the criteria of majoritarianismidemocracy, finality, logrolling, budgetary process, capture, and oversight.

b) Discuss the source(s) of legal authority for each of the institutions to legitimize policy, and

c) Discuss the factors or characteristics of a legitimating institution that makes it amenable to capture.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92042366

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