Please utilize the attached Chapters 1-3 as the main reference. Discuss what is meant by the statement, “public budgeting involves the selection of ends and the means to reach those ends.” Discuss each of the elements used to describe a budget from the section of the book entitled, “what is a budget?”. Explain the functions of a budgeting as discussed in the week one written lecture. Discuss the major characteristics of public sector budgeting vs. private sector budgeting. When doing so, be sure to make note of the information associated with how the differences in objectives, the differences in services provided and the differences in responsibility may play a role in budget efforts. Reference Lee, R.D. Jr., Johnson, R.W. & Joyce, P.G. (2013). Public Budgeting Systems (9th ed.).Sudbury, MA: Jones & Bartlett. (ISBN: 978-1-4496-2790-4)
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