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1. What are the strengths and weaknesses of program planning budgeting?
2. What are the strengths and weaknesses of zero-based budgeting?
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Solved in 2 steps
- 1. What is the role of the Budget Department in the budget process? 2. As a public sector management student, what is your independent view of the change in the budget calendar?explain the four (4) ambitious targets Open Budget Survey sets to achieve open budgets within five years.Is Medium Term Expenditure Framework (MTEF) a Budgeting Approach? Discuss
- Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto powerAs you have seen, public budgeting is inherently political. Indeed, it is driven by an acutely political cycle: For example: 1) Politicians promise benefits in order to get elected; 2) Those promised benefits often come at high expense; 3) If campaign promises are to be kept, taxes must be raised or reorganized in order to transfer and transform private wealth into government revenue to cover those expenses; 4) Individuals losing wealth through higher taxes may seek to remove from office the politicians that raised their taxes, and so on. In light of this cycle, many individuals, institutions, political challengers and think tanks may work to hold elected officials accountable for their public budgeting decisions. For this discussion, you will provide and explain an example of political strategies used to hold elected officials accountable for taxing/spending policy and an example of a political strategy used by politicians to avoid the potentially negative consequences of deficit…Budgeting and financial management are at the core of economic and public sector program in most nation. The Malaysian government budget theme for 2019 is "Credible Malaysian,dynamic economy, prosperous rakyat", focuses on institutional reforms,the people's wellbeing and promotion of entrepreneurial culture. (a) There are FOUR (4) types of budgeting system in public sector. Explain. i) Modified Budgeting System (MBB) ii) Traditional Budgeting System (TBS) iii) Outcome Based Budgeting (OBB) iv) Program and Performance Budgeting System (PPBS) (b) Analyze the advantages and disadvantages of the above FOUR (4) budgeting systems. (c) The Malaysian government aims to reduce the deficit in budget due to expenditure commitment by the previous administration (Star, 2 Nov 2018). Recommend THREE (3) initiatives to the government on how to tackle the problem.
- provide a critical discussion of how the zero based budgeting approach can be a strategic budget reform that could improve municipal financesQuestion 1. List the three key benefits companies get from preparing the budget. What are the main components of a Master Budget?Discuss the public budget decision making process from the preparation phase and its products to final adoption. (1) What information is contained in the budget? (2) What are the respective roles of line agencies, the central budget office, the chief executive and the legislative body?
- Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fail to match the budget as approved? kindly explain answers in a simpler way.discuss the budget cycle.discuss why the annual budget is considered as a political act of state?Why is it important to budget? (Note: You may discuss it in personal level to government level).