budget quize

Ensures that government resources are used efficiently and transparently.

• Public budget

• Allocation

• Effective public budgeting

• All

The main functions of public budgeting include:

• Allocation and health care

• Allocation and education

• Stabilization and distribution

• Tax adjusting and social welfare

Key characteristics of budget yt

• Forecasting, authorization and monitoring

• Allocation, distribution and regulation

• Behavioral incentives

• Effective budget

involves tracking actual performance against the budget to ensure compliance and adjusting as necessary.

• forecasting

• authorization

• monitoring

• budget

a budget where total revenues equal total expenditure is

• zero-budget

• same budget

• equal budget

• balanced budget

Features of zero-based budgeting (ZBB)

• Justification and allocation

• Justification and recording

• Allocation and accountability

• Outcome measurement and allocation

Fees and charges

• Tax revenue

• Grant and transfer

• Non-tax revenue

• All

Operational and maintenance costs are

• Capital expenditure

• Non-capital expenditure

• Current expenditure

• Miscellaneous expenses

Developmental budget

• Focus on investment or project

• Covering ongoing expenses

• Allocation for national defense

• All

Steps of preparation budget include:

• Budget request submission and budget formulation

• Draft budget

• 1 and 2

• Preparation