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    Theory of The Budget

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    Clemen John Tuala
    The document summarizes different economists' and theorists' views on budgets and budgeting. It discusses budgets as the government's master plan that estimates revenues and proposed expenditures. It also views budgets as processes that allocate expenditures to achieve goals. Additionally, the document outlines objectives of budgeting such as strengthening administration, achieving fiscal controls, and utilizing resources effectively. It concludes by discussing principles of budgeting and theories on applying budgets in developing countries' public fiscal administration.

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    Theory of The Budget

    Uploaded by

    Clemen John Tuala
    910 views23 pages
    The document summarizes different economists' and theorists' views on budgets and budgeting. It discusses budgets as the government's master plan that estimates revenues and proposed expenditures. It also views budgets as processes that allocate expenditures to achieve goals. Additionally, the document outlines objectives of budgeting such as strengthening administration, achieving fiscal controls, and utilizing resources effectively. It concludes by discussing principles of budgeting and theories on applying budgets in developing countries' public fiscal administration.

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    Theory of the Budget

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    The document summarizes different economists' and theorists' views on budgets and budgeting. It discusses budgets as the government's master plan that estimates revenues and proposed expenditures. It also views budgets as processes that allocate expenditures to achieve goals. Additionally, the document outlines objectives of budgeting such as strengthening administration, achieving fiscal controls, and utilizing resources effectively. It concludes by discussing principles of budgeting and theories on applying budgets in developing countries' public fiscal administration.

    Copyright:

    © All Rights Reserved
    Download as ODP, PDF, TXT or read online from Scribd
    Download as odp, pdf, or txt
    910 views23 pages

    Theory of The Budget

    Uploaded by

    Clemen John Tuala
    The document summarizes different economists' and theorists' views on budgets and budgeting. It discusses budgets as the government's master plan that estimates revenues and proposed expenditures. It also views budgets as processes that allocate expenditures to achieve goals. Additionally, the document outlines objectives of budgeting such as strengthening administration, achieving fiscal controls, and utilizing resources effectively. It concludes by discussing principles of budgeting and theories on applying budgets in developing countries' public fiscal administration.

    Copyright:

    © All Rights Reserved
    Download as ODP, PDF, TXT or read online from Scribd
    Download as odp, pdf, or txt
    of 23

    THEORY OF THE BUDGET:

    Application to Developing
    Countries
    BUDGET ACCORDING TO SOME
    ECONOMISTS
    PROFESSOR PHILIP E. TAYLOR

    The budget is the master plan of the government.


    It brings together estimates of anticipated revenues
    and proposed expenditures, implying the schedule
    of activities to be undertaken and the means of financing
    those activities. In the budget, fiscal policies are
    coordinated, and only in a budget can a more unified
    view of the financial direction which the
    government is going to be observed.
    ALLAN SCHICK

    views it as a process consisting of a series


    of activities relating expenditures to a set of goals.
    GROOVES & BISH

    Budgeting is the process through


    which public expenditures are made.
    Public budgeting serves as the allocation of
    Expenditures among different purposes so as
    to achieve the greatest results.
    AARON WILDAVSKY

    Budget is a document containing words and


    figures which proposes expenditures
    to certain items and purposes
    ERIC KOHLER

    It is a financial plan which serves as the pattern for and


    a control over future operations and a systematic plan
    for utilization of manpower material or other resources
    ROBERT BANGS

    Budget relates to public expenditure & policy analysis


    OBJECTIVES OF BUDGETING
    ✔ Strengthening administrative process
    ✔ Achieving more effective or more stringent fiscal controls
    ✔ Securing efficiency & economy
    ✔ Effecting better utilization of resources
    ✔ Controlling inflation
    ✔ Broaden awareness & understanding of budget control
    WARDS A PRACTICAL AND OPERATION
    THEORY OF THE BUDGET FOR
    DEVELOPING COUNTRIES
    Budgeting is a matter of philosophy
    as can be gleaned in the diverse interests
    of the present government
    As well as in the interests of
    the future ones
    ERNE LEWIS’ DIMENSIONS OF BUDGETIN
    PRINCIPLE 1

    THE RETURN FROM EVERY EXPENDITURE MUST BE WORTH ITS COST


    PRINCIPLE 2

    INCREMENTAL ANALYSIS IS NECESSARY BECAUSE


    OF THE PHENOMENON OF DIMINISHING UTILITY
    PRINCIPLE 3

    COMPARISON OF RELATIVE MERITS CAN BE MADE ONLY IN


    TERMS OF RELATIVE EFFECTIVENESS IN ACHIEVING
    A COMMON OBJECTIVE
    THEORY ON BUDGET
    as applied in public fiscal administration
    by DR. JOSE SOBERANO
    A POSITIVE GOVERNMENT
    SCIENTIFIC POLICIES
    AN ABUNDANT ECONOMY
    A RESPONSIVE SOCIETY
    THANK YOU!

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