Government budgeting Essay

Government budgeting is the critical exercise of allocating revenues and borrowed funds to attain the economic and social goals of the country. It also entails the management of government expenditures in such a way that will create the most economic impact from the production and delivery of goods and services while supporting a healthy fiscal position. GOVERNMENT BUDGET In general, a government budget is the financial plan of a government for a given period, usually for a fiscal year, which shows what its resources are, and how they will be generated and used over the fiscal period. The budget is the government’s key instrument for promoting its socio-economic objectives. Budgeting approaches or modes and techniques used in the Philippine government are characterized into three major orientations: * Control-orientation in budgeting is the process of enforcing or applying limitations and conditions that are set in the budget * Management-oriented budgeting involves the use of budgetary authority at both agency levels to ensure the efficient use of resources * Planning-orientation in budgeting is the process of determining public objectives and the evaluation of alternative programs. FOUR (4) BUDGETING METHODS 1. Line-Item Budgeting The line-item budgeting approach emphasizes listing of objects for itemized expenditure such as personnel, supplies, and equipment without much regard for the purpose of programs or projects for which such items are proposed. It also controls expenditures at the department or agency level giving emphasis on the accounting aspect of the government operations in terms of items bought or paid. 2. Performance Budgeting In performance budgeting, objects of expenditures are grouped into categories related to the specific services or products an institution produces, as against objects it purchases, and the development of product cost measurements of activities or services so that managers can measure the efficiency or productivity of spending agencies. 3. Planning, Programming and Budgeting System PPBS is an answer to the need for an economic allocation of resources and the undertaking of government policy, program analysis, and cost utility analysis to improve the policy decision process of government. The scheme requires agency managers to identify program objectives, develop measuring program output, calculate total program costs over the long-run, prepare detailed multi-year program and financial plans, and analyze the costs and benefits of alternative program designs. The system provides a strong linkage between planning and budgeting. 4. Zero-Based Budgeting ZBB is an operating, planning, and budgeting method which requires every agency manager to justify his entire budget systems in detail and transfers the burden of proof to each manager why he should spend any money. It underscores the analysis of all budgetary expenditures to answer effectiveness in achieving organizational goals. The term â€Å"zero-based† refers to the yearly analysis, evaluation, and justification of each program/project/activity starting form zero performance level. BUDGET CYCLE (FOUR PHASES) 1. Budget Preparation This involves the formulation or devisement of a national budget based on budgetary priorities and activities given available revenues and borrowing limits. The Development Budget Coordination Committee (DBCC), an interagency body, conducts consultations and studies on fiscal and financial issues with the objective of determining overall expenditure levels, revenue projection, deficit levels, and the financing plan. These are then forwarded to the cabinet and the President for approval. After approval by the President, the Department of Budget and Management (DBM) issues a Budget Call. The call usually issued in November directs the different agencies to prepare their respective budget proposals in accordance with approved budget ceilings. 2. Budget Authorization or Legislation In this phase of the budget cycle, the budget is reviewed by the House of Representatives and followed by the Senate through consultation and justification by department and agency heads of their budget proposals. Conflicting provisions are worked out and harmonized by a conference committee. Once a common budget bill has been approved by both chambers, it is submitted to the President for approval. The product of the President’s approval of the proposed budget legislation is the General Appropriations Act (GAA). 3. Budget Execution This phase of budget cycle is the implementation of the General Appropriations Act. The Department of Budget and Management (DBM) implements the national budget through the administrative supervision of the President. The Bureau of Treasury of the Department of Finance (DOF) coordinates with the DBM so that cash releases by the latter are based on collected revenues by DOF. 4. Budget Accountability Budget accountability is the analysis and review of the agency operating performance, systems and procedures, and the evaluation of agency accomplishments relative to cost incurred. It compares actual expenditures and performance with the planned expenditures and predetermined targets of the organization. While distinctly separate, these processes overlap in the implementation during a budget year. Budget preparation for the next budget year proceeds while government agencies are executing the budget for the current year and at the same time engaged in budget accountability and review of the past year’s budget.

Prosperity of India Essay

The way Indian economy is making progress for the last few years, is fairly rapid and impressive. Continuation of the same trend in the next five years should result in substantial advancement in prosperity as compared to developed countries. However, complacency can be disastrous for any country. Also there is no harm to give further fillip to growth rate in future. With this attitude I would like to suggest the following ares of improvement for aster development of India’s economic prosperity and security. 1.India’s achievement in the field of information technology, particularly in software development has been very impressive and very much talked about. But it is worth noting that most of India’s software and other IT services companies, including IT based business process outsourcing derive a very big chunk of their business from overseas business. This means that India is not able to make much use of IT to improve the effectiveness and efficiency of its bus iness and other economic operations. This also reflects the low priority given by Indian business to improve quality, effectiveness and efficiency. I believe, that to become a major economic power in the world, it is necessary to develop the best capabilities in much wider sphere of technology, rather than just providing services to other companies and business that use such services to achieve high level of efficiency and effectiveness. 2.Performance of industries is being harmed by narrow considerations of regionalism and casts. While the need to provide support support to under developed regions and under-privileged sections cannot be denied. I very much doubt if their interest is best served by helping them in ways that bring down the level of performance in businesses and public life. Any preferential treatment to specific region or set of people should pass the test of a proper cost benefit analysis. Of the various practices adopted in name of social justice, the one that hurts the country most, is denying opportunities for to those who can serve national interest best, by assigning responsibilities for such work and resul t to the incapable and incompetent. I believe all scheme enforced by government for preferential treatment for employment based on caste or region should be replaced by schemes to develop the capabilities of such under privileged people so that they can contribute to the national wealth. National wealth cannot be increased by just consuming it without contributing to its creation. 3.There is a need to cut down on corruption and inefficiency in the  government. This can be done very effectively by employing information technology. The right to information act has made some impact. But already there are moves from many government to limit the scope of this act on many different pretexts. I believe by developing and implementing effective systems that monitor and control performance of individual in government jobs, performance of the country as a whole will improve automatically. Thank Writer Comment Blurt Anonymous Profile Anonymous answered India need improvement in all spheres so that it could also be counted as the developed country. People should adopt family planning programmes to reduce the population of the country. Better education and medical facilities should be provided. Agriculture should be improved because more than half of the population is farmer. Come on India!!!! Now its our time!!! Thank Writer Comment Blurt Anonymous Profile Anonymous answered India should provide girl education in rural areas so that the girls could also study and can be the future of the nation.Some parents also did not send their child to the school because of the following reasons:- 1.School can be far from the home and there would be no conveyance. 2.Parents could not afford the fees of the school. 3.The child could be discriminated just like Om Prakash Velky. 4.Proper teachers could not be available. So Indian Government should provide proper education in the rural areas specially and should take strict action to the education of the rural areas. Thank Writer Comment Blurt Anonymous Anonymous commented 1.child labour must be band 2.women of the society should be protected Anonymous Profile Anonymous answered India lacks literacy, n literacy can remove all the social evils from the country and making it a secular, safe, n prosperous country. We people living in the Urban areas are not at all satisfied by what is happening then try to imagine of those living in remote areas, they simply lack everything. The things that today have become a basic necessity for us are out of reach for some people or say most of the India’s population like electricity, water supply. Dowry, child marriage are the evils that need to be debarred today from the roots. N Literacy is the only mean to do that. Girl education can make a far improvement. It could remove almost all the evils that India is affected by. Thank Writer Comment Blurt prem R S Profile prem R S answered Common Education, Common law( Civil code) No religious favourism, no cast, majority , minority concepts should be avoided. Nationalsim should be encouraged..India is the world leader. All should be equal without cast and creed. Only one difference should be there, ie, havings and have nots. That means under economic conditions. Give them what they needed. If educationally backward provide them, Money for study give them. If money is there and lack of development in that region, provide it.If health problem arrang for it. Think first and ask first What is the problem in each and every area.No holidays under religious consideration. Only weekend holidays only.Each and every person should have the right to take leave on their respective festivals and enjoy it. All others should come to the office and vice versa.No HINDu law, or christian or Islam. Should take good from all and be implimented. If giving scholorship provide to all poor people without considering his cast and only consider his economic conditions.All students and people should express their views , ideas through proper channel(agency) what they want and to become Provide them help for it afterexamining his qulaity for that. A good Nation without Religous favourism . That could develop. STudy and teach All are brothers. No scams!!! It will destroy the minds of new generation. Think positively and  act positively by policians and leaders who are influencing the society.Should give importance to (50%) agriculture.Without eating we could do nothing. Control population . One or Two. Give the new birth baby full facilities( up to 2 childeren) If more than that number, it is responsibility of their own and it nver of the STATE(Govt) and never give them any assistance. Always in the mind that â€Å"†INDIA THE WORLD LEADER†Ã¢â‚¬ Ã¢â‚¬ 

TV Programs (or Magazines) -Marketing Behavior Class- Essay

TV Programs (or Magazines) -Marketing Behavior Class- - Essay Example This allowed one to analyze their specific behaviors and relationships to others within society. The two magazines which I was familiar with were compared to Entertainment Weekly and Life and Style. I wasn’t familiar with these two particular magazines and had rarely identified with them. When reading both magazines, it could be seen that they were based on the â€Å"Yuppie† lifestyle, as well as one which was interested in being an experiencer. This was from an individual who was looking at concepts that were created from self – expression and the ability to identify with the fashions and latest trends as a form of the expression. The belief with the experience is created from the fashions and trends also leading to the latest growth in society and holding a specific social status (Linquist, Sirgy, 2003: p. 133). It could also be noted that these two magazines targeted women that were younger, living in cosmopolitan areas and which were interested in the enterta inment and leisure which were a part of both of these areas. The extreme differences between both of the magazines are one which is important to note, specifically because it shows how the attitudes and behaviors constitute the main demographics which one has.

Business Process Analysis Essay Example | Topics and Well Written Essays - 500 words

Business Process Analysis - Essay Example of undertakings under operation management may include acknowledgement of stakeholders’ interests, sustainable organizational development, among others. The goods firms are some how different while being compared to the services companies with operations management in focus. Some of the attributes to consider for an operations management in a services firm are; information distribution, transformation of information, financial functions, transportation and movement of people and goods, and experience generation. (Nankervis, 2005) This study is going to analyze the Southwest Airlines’ four processes that are linked to the daily operations and performance determination. To this, this question is to be answered in a comprehensive approach,† Which four processes can be identified in SWA (Southwest Airlines) and that are utilized to determine its daily business performance?† Several functions are going to be analyzed and which are unique to SWA. One of the main processes is the supplier information function, which according to SWA is highly dedicated to ensure quality services to customers alongside a company spirit. The company is also committed to ensure that employees are provided with a stable environment of work. The section strives to make air fares stand at their lowest levels. Therefore, the company seeks to all suppliers to quote lower prices so as to ensure that the costs are low enough to keep their commitments. Secondly, at SWA there’s the customers service commitment. The company ensures highest quality of customer service under this section. SWA is committed toward delivery of flights at a frequent rate. The organization in its entirety empowers every of its employees to make decisions so as to ensure high quality of customer service is enhanced. (SWA, 2009) Also the Airlines is committed towards ensuring that there is total safety when it comes to employees and customers. The company has a strong culture of maintaining safety as regards

Discuss what you believe to be the purpose(s) of education today Essay - 2

Discuss what you believe to be the purpose(s) of education today - Essay Example This is actually an experience that brings formative effects on the manner in which an individual thinks and feels or whose acts may be taken to be educational. The research examines the significance that education often holds for an individual and society in the modern times.  The educational process is very long, often being divided into stages that one has to undertake progressively; these stages include, the preschool, which is at the initial level, primary and then secondary, then later tertiary education which comprises of college and university as well as apprenticeship. The science that describes the bets and effective ways to teach is referred to as pedagogy. Because of the perceived importance of education, education has been ratified as an important human right, with governments enacting various legislations and means to ensuring that their citizens access quality education effectively. This has seen the introduction of free elementary education in some countries and even up to tertiary levels in others, all in a bid to ensure that the nation is effectively educated in order to influence social and economic development in the country Newman, the Catholic poet explains that in the learning process, especially at the higher level, the university, learners get the essence of learning. He says, â€Å"†¦The university is a society in which the student absorbs the graces and accomplishments of a higher form of life† (Newman para 2). It is believed that long before any formalized research existed; state constitution and all forms of legislative requirements, philosophers of the ancient times had already shown great regard to the purpose of education and the process of schooling in general (Newman para 6). They seemed to encourage people to think and identify the true meaning of life, and training their children on this path in order to become responsible

MAT105-0801B-13 Business Math-Phase 1 Individual Project Essay

MAT105-0801B-13 Business Math-Phase 1 Individual Project - Essay Example The choice of the printer is out of the questions. Since I will be receiving resumes and other files from my clients, I really need to buy a printer in order for me to review these documents more easily. Lastly, I also required a fax phone in recognition that some of the documents cannot always be attached through e-mails noting that some clients may not have scanners. A telephone is also essential since I will also be dealing with customers through phone conversations especially if issues cannot be easily resolved through e-mails. The major problem that I encountered in my online shopping is the fact that I cannot purchase the same set of products from the three retailers. It should be noted that HP’s online website carries only its manufactured brands. Thus, the choice is limited. In order to remedy the situation, I chose to purchase products which have the same features from the three different online retailers. I also find it difficult to calculate tax rate in CompUSA as it shows zero tax rate for my zip code. Thus, what I did is to look it up in the other websites. Lastly, I cannot compare the results of my shopping list in the three stores thus, the need to calculate using an Excel spreadsheet. I believe that Table 2 best satisfies my requirement. Sourcing from manufacturer allows me to get a warranty of one year on my purchases which I can directly transact with them. Price-wise, Shopping HP also entails the lowest cost which is consistent with my goal of minimizing

Detroit Electric Case Study Example | Topics and Well Written Essays - 1000 words

Detroit Electric - Case Study Example He continues to claim that this kind of organisational arrangement is highly dependent of the ability of the organisation involved to clearly and unambiguously describe the specialised jobs that are required to see the organization achieve its goals. Detroit Electric Company invests in outlining what work it requires to be done, and then outsources the services of other companies. It does not do any design or manufacturing. The company maintains that this kind of organizational structure helps it escape capital expanses which may be too huge for it to afford at this point in time, bearing in mind that it is still at start up level. However, there is indication that this company may slowly stop outsourcing its operations as time goes by and as their revenues continue to build on. This is due to the fact that they attribute their outsourcing arrangement to ‘avoiding capital costs which could be fatal to its start-up’ (p. 512). The reason why Detroit Electric chose to use t his structure is to capitalize on the economic advantage that is brought by division of work into highly specialised or precise jobs. The company realised that there was already the presence of specialised vehicle manufacturing companies such as Proton Holdings where manufacturing resources could be outsourced to. Proton Holdings was chosen to do the manufacturing activities of Detroit Electric because it had a modern production facility was committed to research and development, was cost efficient, stable, and had a highly qualified labor-force. Relationship between Organisational Structure and Pace of Development Detroit Electric Company is on pace to present its electric vehicles to the market only three years after its inception. On the other hand, Ford will have taken forty years to produce a viable electric car by 2011. The pace of development in these two companies is affect by the organisational structures the two companies have deployed in their organisations. Organisationa l structure defines the manner in which the human resource are organised and their reporting arrangements. Ford, apparently, has deployed the traditional centralised approach to organisational management. Decisions are made at top management levels and little authority is delegated to subordinates as this may indicate loss of control. They review decision made by lower level management and decide on thefate of their implementation. As a result, there is a lot of duplication of functions at different levels of management.This kind of arrangement may create a conservative culture in the organization which will result to everyone wanting to maintain the status quo. This affects the success of the electric car project at Ford because the personnel ‘have become used to the routine activities they perform’. As Jacobides puts it, getting so used to routine activities in an organisation makes it difficult for them to focus on the organisation’s projects, follow schedules , and meet deadlines. It also makesit difficult for information to flow across the departmentswhich in turn makes it difficult to share resources efficiently, agree on development agenda, and implement new strategies. In addition, Ford has specialized in the manufacturing of usual cars (those powered by fuel). It was therefore reluctant to diversify into electric cars due to market uncertainties and risks. Manufacturing electric cars would also demand a huge extra investment in infrastructure and human