Often budgets are a source of \'issue\' amongst those attempting to put them tog
ID: 1164676 • Letter: O
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Often budgets are a source of 'issue' amongst those attempting to put them together and those with approval power. Elected officials have different priorities or to be honest, just don't like each other. How does a budget "improve the quality of management in government"? Often budgets are a source of 'issue' amongst those attempting to put them together and those with approval power. Elected officials have different priorities or to be honest, just don't like each other. How does a budget "improve the quality of management in government"?Explanation / Answer
The budget is the life-blood of the government, the financial reflection of what the government does or intends to do.
The budgetary system and the public budget process have impacts on the way government operates. Thus, the cornerstone of developing financial systems in countries starts with the development of the public budget. Also, the public budget contributes to human development, economic growth, and governing. Therefore, international organizations, donors, and civil society organizations advocate budget transparency and accountability toward better governance. Conversely, good governance has been introduced as a tool to work toward better service for citizens, political stability, and government effectiveness. Furthermore, good governance is connected to fighting corruption and holding bureaucrats and politicians accountable for their actions. Consequently, good governance practices by governments are a prerequisite of financial and nonfinancial aids from donors to countries in need of assistance.
Public budget is the engine that drives any economy; thus, budget has an influence in shaping the political process and government performance. Budget contributes to reducing corruption, improving government performance, and holding bureaucrats and politicians accountable for their actions. Hence, the budgetary system and the public budget process have impacts on the way government operates.
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