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Public financial engineering and its discontents

By: MARLOWE, Justin.
Material type: materialTypeLabelArticlePublisher: Armonk, NY : M.E. Sharpe, June 2009Public Performance & Management Review 32, 4, p. 626-630Abstract: In this essay I argue that many of the technical and analytical developments in public financial management—known broadly as public financial engineering—have weakened rather than strengthened public budgeting. Our central challenge going forward is to understand how these developments will continue to reshape public management.
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In this essay I argue that many of the technical and analytical developments in public financial management—known broadly as public financial engineering—have weakened rather than strengthened public budgeting. Our central challenge going forward is to understand how these developments will continue to reshape public management.

budgeting, financial management, resource allocation

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