Public Sector Budgeting

PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector

Explain Zero-Based Budgeting stages, benefits, drawbacks, and users in the public sector.

Question

The Zero-based budgeting system is a budgeting system that requires every item of expenditure to be justified as if the particular activity or programme is taking off for the first time.

Required:

a. State the stages involved in the Zero-based budgeting system. (5 Marks)

b. Explain THREE benefits associated with the Zero-based budgeting system. (6 Marks)

c. Explain THREE drawbacks of the Zero-based budgeting system. (6 Marks)

d. State THREE key users of the Zero-based budgeting system. (3 Marks)

Answer

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Tags: Budget Justification, Cost Management, Financial planning, Public Sector Budgeting, Zero-Based Budgeting
Level: Level 2

Topic: Financial Reporting and Accountability in the Public Sector
Series: MAY 2017

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

Question

The budgeting process is a cycle of events which occur sequentially every
year and which results in the approved budgets in ministries and extra ministerial departments.

Required:
Explain five factors militating against the budgeting system in the public sector.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Process, Government Expenditure, Public Sector Budgeting
Level: Level 2

Topic: The Budgeting Process in the Public Sector
Series: NOV 2020

PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting

Prepare the MDA’s annual budget and calculate the amount of budgetary subvention support required for the fiscal year.

Question

The Budget Department of a Ministry, Department, and Agency (MDA) has received the following inputs from the cost centres for the 2015 budget year:

Expenditure Item	Amount (GH¢)
Construction Works – New Projects	289,199.28
Information and Documentation	250,877.16
Depreciation of Assets	450,000.00
Miscellaneous General Expenditure	180,000.00
Property Purchases	366,874.28
Staff Allowances	50,315.60
Research Activities	243,596.45
Charges and Fees	17,752.62
Repairs and Maintenance	32,294.05
Rehabilitation Expenses	661,506.00
Special Services	24,327.00
Travel and Transport	270,789.35
Printing and Publication	151,924.25
Materials and Consumables	193,236.81
General Cleaning	450,000.71
Utilities	650,000.81
Salaries for Established Post	783,594.00
Staff Overtime	871,900.00
Advertisement and Media	170,000.74
Out-of-Station Allowances	131,114.85
Insurance	74,943.28

For the 2015 fiscal year, the Ministry has projected to generate an amount of GH¢3,036,230.57 from Internally Generated Funds. The law in 2015 allowed the MDA to retain all internally generated funds and use it to finance their budget expenditure.

Required:
i) Prepare the MDA’s annual budget using the current chart of accounts for the public sector and submit it to the Ministry of Finance as their proposed budget for the 2015 fiscal year. (8 marks)

ii) Calculate the amount of budgetary subvention support required from the Ministry of Finance for the 2015 fiscal year. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Subvention, MDA Budget, Public Sector Budgeting
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2018

PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector

Explain Zero-Based Budgeting stages, benefits, drawbacks, and users in the public sector.

Question

The Zero-based budgeting system is a budgeting system that requires every item of expenditure to be justified as if the particular activity or programme is taking off for the first time.

Required:

a. State the stages involved in the Zero-based budgeting system. (5 Marks)

b. Explain THREE benefits associated with the Zero-based budgeting system. (6 Marks)

c. Explain THREE drawbacks of the Zero-based budgeting system. (6 Marks)

d. State THREE key users of the Zero-based budgeting system. (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Justification, Cost Management, Financial planning, Public Sector Budgeting, Zero-Based Budgeting
Level: Level 2

Topic: Financial Reporting and Accountability in the Public Sector
Series: MAY 2017

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

Question

The budgeting process is a cycle of events which occur sequentially every
year and which results in the approved budgets in ministries and extra ministerial departments.

Required:
Explain five factors militating against the budgeting system in the public sector.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Process, Government Expenditure, Public Sector Budgeting
Level: Level 2

Topic: The Budgeting Process in the Public Sector
Series: NOV 2020

PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting

Prepare the MDA’s annual budget and calculate the amount of budgetary subvention support required for the fiscal year.

Question

The Budget Department of a Ministry, Department, and Agency (MDA) has received the following inputs from the cost centres for the 2015 budget year:

Expenditure Item	Amount (GH¢)
Construction Works – New Projects	289,199.28
Information and Documentation	250,877.16
Depreciation of Assets	450,000.00
Miscellaneous General Expenditure	180,000.00
Property Purchases	366,874.28
Staff Allowances	50,315.60
Research Activities	243,596.45
Charges and Fees	17,752.62
Repairs and Maintenance	32,294.05
Rehabilitation Expenses	661,506.00
Special Services	24,327.00
Travel and Transport	270,789.35
Printing and Publication	151,924.25
Materials and Consumables	193,236.81
General Cleaning	450,000.71
Utilities	650,000.81
Salaries for Established Post	783,594.00
Staff Overtime	871,900.00
Advertisement and Media	170,000.74
Out-of-Station Allowances	131,114.85
Insurance	74,943.28

ii) Calculate the amount of budgetary subvention support required from the Ministry of Finance for the 2015 fiscal year. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budget Subvention, MDA Budget, Public Sector Budgeting
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2018

Question Tag: Public Sector Budgeting

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PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector

Explain Zero-Based Budgeting stages, benefits, drawbacks, and users in the public sector.

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting

Prepare the MDA’s annual budget and calculate the amount of budgetary subvention support required for the fiscal year.

PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector

Explain Zero-Based Budgeting stages, benefits, drawbacks, and users in the public sector.

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting

Prepare the MDA’s annual budget and calculate the amount of budgetary subvention support required for the fiscal year.

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PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector

Explain Zero-Based Budgeting stages, benefits, drawbacks, and users in the public sector.

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PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector"

PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting

Prepare the MDA’s annual budget and calculate the amount of budgetary subvention support required for the fiscal year.

You're reporting an error for "PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting"

PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector

Explain Zero-Based Budgeting stages, benefits, drawbacks, and users in the public sector.

You're reporting an error for "PSAF – May 2017 – L2 – SB – Q2 – Financial Reporting and Accountability in the Public Sector"

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector"

PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting

Prepare the MDA’s annual budget and calculate the amount of budgetary subvention support required for the fiscal year.

You're reporting an error for "PSAF – May 2018 – L2 – Q3b – Public sector fiscal planning and budgeting"

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