Transcription of Chapter 6. ASSURING COMPLIANCE IN BUDGET EXECUTION …
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Chapter 6. ASSURING COMPLIANCE IN BUDGET EXECUTION …
1 Chapter COMPLIANCE IN BUDGET OF BUDGET EXECUTION1. Importance of BUDGET EXECUTION BUDGET EXECUTION is the phase where resources are used to implement policiesincorporated in the BUDGET . It is possible to implement a well formulated BUDGET ; it is notpossible to implement well a badly formulated BUDGET . Good BUDGET preparation comesfirst, logically as well as chronologically. However, BUDGET EXECUTION processes do notcome down simply to mechanisms for ensuring COMPLIANCE with the initial with good forecasts, unexpected changes in the macroeconomic environment willoccur during the year, and need to be reflected in the BUDGET . Of course, changesshould be accommodated in a way that is consistent with the initial policy objectives toavoid disrupting the activities of agencies and project management.
1 Chapter 6. ASSURING COMPLIANCE IN BUDGET EXECUTION1 A. OBJECTIVES OF BUDGET EXECUTION 1. Importance of budget execution Budget execution is the phase where resources are used to implement policies
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