- 10 Marks
PSAF – Nov 2023 – L2 – Q5a – Public sector fiscal planning and budgeting
Explain budget reliability with practical illustration and its impact on public accountability, strategic resource allocation, and coordination and control.
Question
National budgeting is not only a legal process but also an administrative process that ensures the attainment of public value economically, efficiently, and effectively. Budget reliability and credibility are essential components of the budget management processes.
Required:
i) Explain, with practical illustration the term budget reliability. (4 marks)
ii) Discuss how a reliable budget will help government to achieve the following:
- Public accountability
- Strategic resource allocation
- Coordination and Control (6 marks)
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