Week 1 Discussion Post

 

Using the information from this weeks Learning Activities, respond to the following in a minimum of 175 words:

  • What are the differences in the budget cycle in good economic times versus bad economic times?
  • What economic changes do you think influence the transition? How do these differences in the cycle affect the preparation, execution, and evaluation of the budget?
  • What are some of the limitations of certain revenue sources and what are the reasons for limitations?

Need at least one reference and in APA format.