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GROUP 2-RESUME 5 (Public Budgeting Sector)
GROUP 2-RESUME 5 (Public Budgeting Sector)
GROUP 2-RESUME 5 (Public Budgeting Sector)
Budgeting is the tool for the government to steer the socio-economic development and
improve the life quality of the public.
Budgeting is needed because of the unlimited need and want of the public that keeps
diverse with the very limited resource. Budgeting is needed because of scarcity of
resources, choice and trade-offs.
Budgeting is needed to convince that the government taking responsible of their people.
In this case, public budget is the execution instrument of public accountability.