"on what basis shall we allocate resources to program a instead of program b," is the perennial statement in public sector budgeting. identify and discuss at least five attempts, found in the budgeting literature, used to answer v. o. key’s famous budgeting question. in your professional judgment, which type of budgeting system is most appropriate for public administration? why do you feel this way?

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)