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Expenditure Forecasting Jbr tt\e department of Ef^fense By Sanford J. Ackerman and J. Thomas Presby The effect of government expenditures on the state of the national economy makes expenditures a crucial element of federal fiscal policy. In order to execute fiscal policy successfully the Federal Government must rely on expenditure forecasts of its agencies, and forecasts of tax receipts. Because the Department of Defense accounts for about one-half of total Federal expenditures, the problem of forecasting Defense expenditures is the most important problem of its kind in the Federal Government. Recognizing the significance of this problem, Robert N. Anthony, Assistant Secretary of Defense (Comptroller) and Joseph S. Hoover, Principal Deputy Assistant Secretary of Defense (Comptroller) provided the impetus for the construction of a computer-based model and information system of forecasting Defense expenditures. The system was constructed during the summer of 1966 under the direction of Melvin H. Baker, Director of Plans and Systems in the Program / Budget group of the Defense Department and Sheldon W. Taylor, Director of Financial Analysis and Control in the Program / Budget group. Touche, Ross, Bailey & Smart participated in the design and implementation of the system as contractors to the Defense Department. The system is consistent with the innovations in government financial planning and control that have originated in the Department of Defense, such as programming, planning, and budgeting systems (PPBS). This method of forecasting is applicable to other Federal agencies as well as to state and local governments. This article suggests the kind of work that should be done to forecast expenditures as a part of all basic planning and budgeting procedures in government. It deals specifically with a sophisticated department of the Federal government —Defense. Although the most obvious and most publicized examples of governmental budgeting, authorization, and spending processes are at the Federal level, they regularly occur at every level of government. There are considerable differences in the specific procedures followed and in the constitution of the authorizing bodies, but the basic problems of budget review, appropriation, and authorization are the same. For that reason, discussion of the Federal processes is appropriate background and introduction to a discussion of expenditure forecasting. The Federal Processes The President's Budget is submitted to Congress as 10 THE QUARTERLY
Object Description
Title |
Expenditure forecasting for the Department of Defense |
Author |
Ackerman, Sanford S. Presby, Joel T. |
Subject |
United States. Dept. of Defense -- Appropriations and expenditures |
Personal Name |
Ackerman, Sanford S. Presby, Joel T. |
Portrait |
Ackerman, Sanford S. Presby, Joel T. |
Office/Department |
Touche, Ross, Bailey & Smart. New York Office |
Citation |
Quarterly, Vol. 13, no. 4 (1967, December), p. 10-15 |
Date-Issued | 1967 |
Source | Originally published by: Touche, Ross, Bailey & Smart |
Rights | Copyright and permission to republish held by: Deloitte |
Type | Text |
Format | PDF image with OCR under text, scanned at 400dpi |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi. Digital Accounting Collection |
Date-Digitally Created | 2009 |
Language | eng |
Identifier | Quarterly_1967_December-p10-15 |