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F.A.C.T.-Based Budgeting Provides Honest State Numbers 1/22/2012
Australia, New Zealand, and Canada have successfully adopted systems similar to Full Accrual Calculations and Techniques. How about us?
(Heartland.org) F.A.C.T.-based budgeting is necessary because government has increasingly grown its role from funding and building infrastructure and operating the rather limited machinery of the stateís internal operations to being concerned with the health, welfare, and lifestyles of citizens and government employees. This expanded role involves committing new programs for citizens and employees not just for the current period but also for years to come.† Read more.