| Article ID: | iaor19971744 |
| Country: | United States |
| Volume: | 8 |
| Issue: | 4 |
| Start Page Number: | 597 |
| End Page Number: | 611 |
| Publication Date: | Apr 1997 |
| Journal: | Public Budgeting and Financial Management |
| Authors: | Boorsma Peter B., Mol Nico P. |
| Keywords: | management, politics, government, investment, planning |
In Dutch central government, the unified budget has been adopted in the Government Accounting Act of 1976 (with obligations added to the cash basis), after several decades of experience with a divided budget using a current account and an extra-ordinary (capital) account. However, the deletion of the former capital account is again being contested since the middle of the eighties, because of its alleged impacts on government investment behaviour. This article will analyze this crowding-out phenomenon and the way it has been handled in budgetary decision-making in The Netherlands.