Law Homework Help

University of the Potomac The Common Budget Pitfalls Discussion

 

Must make a constructive and professional response to a classmate. When replying to another classmate or in discussion areas, the minimum word count is 100 words and the response must be substantive in nature. Responses not meeting these requirements will not earn credit for participation purposes.

Discussion question for the week:

  • What are the common pitfalls one can anticipate in US public sector budget execution, and how can US public sector budget execution system design assist in minimizing these pitfalls?

Classmates discussion question response:

The Common budget pitfalls

When a budget in the making their are also plenty of mistakes that an individual may come across when trying to get there. Budgets that are a unrealistic coming from business owners that has created a budget difficult to deal with unplanned sources of income. There should be a plan when they are trying to create a budget so when you regard the plan then this can possibly lead to people overspending and people miscalculation. Another is depending on the futures earning without even accumulating the necessary number. You must have a balance to achieve in order to get proper funding that you are wanting to achieve.

US public sector budget execution system design assist in minimizing these pitfalls?

In order to help reduce and minimize any pitfalls you can help promote a budget while trying to outline the budget to the main set to help build a budget, and track the funds. you need to come up with a game and to know what you need in order to make a budget. There are many people who do not know what a budget is and don’t know where to start. When money starts to come in people start to think that they have a lot of money but to not prioritize the money in the correct way.