Easing The Pains Of Balancing The Income Side Of The Budget Analysis
Easing the Pains of Balancing the Income Side of the Budget
Just last month, the executive arm of the Government presented the budget estimates of the current financial year, to the national parliament for approval. A whooping KES 2.1 trillion is provided for, on the expenditure side of the budget statement, which must obviously attract similar income. That translates to spending of KES 7 billion every single day of the year. It is easy to determine the financial needs and wants. However, the headache is how the budget will be financed. Obviously, that will lead to raiding of our wallets as we spend our incomes. The same will already have been subjected to taxation from source, especially for those who are maintained in one form of payroll …show more content…
In fact, it is possible to acquire and maintain the state of the art technology but still underachieve on the performance.
Consider computerized accounting operations for example, which are managed by an accountant who is endowed with challenged attitudes and technical skills. Another example is a computer aided operations such digital printing. The end result is largely determined by the human effort. This effort will substantially depend on the technical expertise as well soft skills of the human capital. Of great concern however, is that it’s well documented that soft skills contribute 85% to performance, whereas only 15 % is attributable to technical abilities.
More still, the human resource is expected to efficiently and effectively manipulate all the other organizational resources. Thus, investment on all other resources needs to be accompanied by the continued empowerment of the human capital. The ideal is achieving full performance potential, thus balancing the budget of all the needs and wants, once the teams are continually empowered. But is that always the …show more content…
Nonetheless, it becomes easy to solve entrenched challenges only when we grasp their genesis. Therefore, clear understanding of performance challenges takes us far back into the growth process that encompasses early childhood. That is when constraints of unleashing full performance potentials become manifested. Eventually, this leads to career choices that form the genesis of performance challenges, especially in a highly competitive business world. There are at least 5 main stages concerned with career alignment or misalignment.
As children grow up, they continue discovering the world around them. Some are reserved, whereas others are hyper. The latter demonstrate clear signs of creativity and innovation. Unfortunately, parents and teachers fail to notice these attributes and associate them with mischief and other undesirables. The children are then taught how to or forced to conform to known behaviors. It’s easy to agree with Professor Ken Robinson, a British educationist, who associates parents and teachers’ reaction to the beginning of the end of creativity for
Just last month, the executive arm of the Government presented the budget estimates of the current financial year, to the national parliament for approval. A whooping KES 2.1 trillion is provided for, on the expenditure side of the budget statement, which must obviously attract similar income. That translates to spending of KES 7 billion every single day of the year. It is easy to determine the financial needs and wants. However, the headache is how the budget will be financed. Obviously, that will lead to raiding of our wallets as we spend our incomes. The same will already have been subjected to taxation from source, especially for those who are maintained in one form of payroll …show more content…
In fact, it is possible to acquire and maintain the state of the art technology but still underachieve on the performance.
Consider computerized accounting operations for example, which are managed by an accountant who is endowed with challenged attitudes and technical skills. Another example is a computer aided operations such digital printing. The end result is largely determined by the human effort. This effort will substantially depend on the technical expertise as well soft skills of the human capital. Of great concern however, is that it’s well documented that soft skills contribute 85% to performance, whereas only 15 % is attributable to technical abilities.
More still, the human resource is expected to efficiently and effectively manipulate all the other organizational resources. Thus, investment on all other resources needs to be accompanied by the continued empowerment of the human capital. The ideal is achieving full performance potential, thus balancing the budget of all the needs and wants, once the teams are continually empowered. But is that always the …show more content…
Nonetheless, it becomes easy to solve entrenched challenges only when we grasp their genesis. Therefore, clear understanding of performance challenges takes us far back into the growth process that encompasses early childhood. That is when constraints of unleashing full performance potentials become manifested. Eventually, this leads to career choices that form the genesis of performance challenges, especially in a highly competitive business world. There are at least 5 main stages concerned with career alignment or misalignment.
As children grow up, they continue discovering the world around them. Some are reserved, whereas others are hyper. The latter demonstrate clear signs of creativity and innovation. Unfortunately, parents and teachers fail to notice these attributes and associate them with mischief and other undesirables. The children are then taught how to or forced to conform to known behaviors. It’s easy to agree with Professor Ken Robinson, a British educationist, who associates parents and teachers’ reaction to the beginning of the end of creativity for