Write an essay of no less than 500 words discussing the historical development of budgetary and financial theory as well as how this development has influenced the modern public budgeting climate and environment. In addition, discuss the similarities and differences that exist between budgetary theory and budgetary practice.
Be sure to cite all borrowed, quoted, and paraphrased material appropriately in APA format. Please be sure that you reference at least two peer-reviewed journal articles.