Budgeting Process

Topics: Public finance, Tax, Budgets Pages: 34 (10677 words) Published: June 3, 2012
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A budget is an instrument that takes centre stage in any discussion of public finance management. A budget, in public finance management context, could be said to be a statement of government finances. These finances include expenditures, revenues, deficits or surpluses, and debt. In a way, the budget indicates the government’s socio-economic priorities by translating policies, political commitments, and goals into decisions of how and where funds will be collected from and spent. Therefore, the budget could be said to be the...
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