State and local governments’ revenue shortfalls mean there is a heightened imperative for agencies to manage their funds well. Overtime is one area that can either be a boon or bust for agencies’ purses.
Public leaders will have to make difficult decisions as our resources dwindle. Here are three tips for battling your agency’s coming budget crisis.
The topic of incrementalism has come to light in recent weeks amidst the intense market volatility being seen around the world in response to the Coronavirus scare. This experience should serve as a lesson to governments and industries around the world when preparing their yearly budgets and designing fiscal contingencies to possible “black-swan” events.
Lean budgeting is a more efficient way to establish a sustainable financial framework and supports innovation, growth and opportunities.
Public leaders should adhere to the following principles when communicating budget information.
Continuous feedback and stakeholder engagement enables Treasury to add powerful new features and functionality to USAspending.gov.
You can find ways to innovate in spite of the budgetary constraints.
Federal agencies have gotten very good at making a broken system work — perhaps too good.
The Office of Personnel Management (OPM) could see its responsibilities and workforce siphoned off to other agencies over the next few years.
As the midnight Friday deadline draws closer, the cards are falling into place for a surprise resolution to the long-term federal budget impasse that has threatened a shutdown.
