Research about Government Expenditure in a country and then compare it Essay

Research about Government Expenditure in a country and therefore compare it to another country - Essay ExampleThis is managed by the central state and its ministries, regional and topical anesthetic authorities, separate public bodies and international organizations.The management of budget and finance is the responsibility of the Ministry of Finance and that of the Central trust that exercises control on its use and allocation. This is done through a legislated agreement whereby all revenues are deposited to a Central Bank and could be withdrawn only through a legislature.This study will localise on the impact of budgeting processes in the developing countries Sample steps of budget preparations to show how government outgo is planned and implemented will also be discussedThe television channel budgeting frame requires a listing of expenditures for the culmination year. These are itemized according to objects of expenditures and quite often detailed as to where the budget it em will be used for instance, how much money will be spent by the agency for personnel services, travel, maintenance, equipment and others. This system has been designed so that an agency will not overspend on their allocated budget for a limited item in a specified year. The advantage of the system is it is simple, easy to understand, expenses are controlled and expenditures are comparable with prior years.While this type of budget management is simple and easy, World Bank sees its limitations such that it should be reformed to cope with the advancement of a rapidly and technologically changing world. WB experts see that line budgeting offers no explanations where budget has been spent neither will it provide information on the programs implemented. It is absolutely-sighted, as it is programmed for short term, e.g. one year, and does not take into account long-term approach.Upon recognizing the limitations of line budget, another approach focused on performance basis was tried. This time, the activities of the agency is tied up with the budget. The basis of budget decisions depends on what