The effectiveness of a budget lies in early planning, early approval, implementation and auditing. If any of these four stages of a budget cycle is defective and fraught with errors, there is the tendency that such budget may either yield poor result or become counter-productive. This study examines the theoretical and empirical necessity of control measures such as fiscal responsibility, assessment of projects by certified agencies, oversight functions of the members of National Assembly, et...
The effectiveness of a budget lies in early planning, early approval, implementation and auditing. If any of these four stages of a budget cycle is defective and fraught with errors, there is the tendency that such budget may either yield poor result or become counter-productive. This study examines the theoretical and empirical necessity of control measures such as fiscal responsibility, assessment of projects by certified agencies, oversight functions of the members of National Assembly, et...
