Illustrate what you understand by the term medium term, Ask an Expert

Accounting

Problem:

Programme-Based Budgeting (PBB) seeks to enhance expenditure efficiency and effectiveness by systematically linking funding to results, making employ of performance information to accomplish that linkage. Good expenditure prioritization is specifically indispensable when the Government face new and unexpected challenges which need substantial expenditure responses against the background of limited internal and external resources. PBB is therefore essential about expenditure choices and these choices are frequently tough. In 2008/09, a fully-fledged PBB embedded in a 3year Medium Term Expenditure Framework (MTEF) was implemented by Government of Mauritius. This formed the basis for appropriation by National Assembly and replaced the traditional line-item budget. The preparation of budget estimates under MTEF now involves matching Ministries/Departments requirements with total resources, based upon the entire priorities.

Required:

1. Illustrate what you understand by the term medium term expenditure framework (MTEF) in preparation of a programme based budgeting.

2. What are the objectives and aims of MTEF?

3. Recognize and discuss the different steps which are involved in preparation of a MTEF.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M99698

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - at december 31 2016 grouper corporation reported

Question - At December 31, 2016, Grouper Corporation reported current assets of $384,870 and current liabilities of $206,100. The following items may have been recorded incorrectly. 1. Goods purchased costing $22,150 wer ...

Question - on september 1 kennedy company loaned 120000 at

Question - On September 1, Kennedy Company loaned $120,000, at 10% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are onl ...

Question - during 2017 crimson inc purchased 2775000 of

Question - During 2017, Crimson Inc. purchased $2,775,000 of inventory. The cost of goods sold for 2017 was $2,635,938 and the ending inventory at December 31, 2017 was $544,688. What was the inventory turnover for 2017?

Question - adams jackson invests 53400 at 8 annual interest

Question - Adams Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Adams withdraws the accumulated amount of money. ...

Question - a companys wages payable account had a beginning

Question - A company's Wages Payable account had a beginning balance of $12,000. During the month, the company paid out $70,000 cash for wages. The account had an ending balance of $23,000. What was recorded as Wage Expe ...

Question - sharp tables produces go carts designed to a

Question - Sharp tables produces go carts designed to a customers specification with the customers logo. Job 65 consists of producing 40 carts for race around for a new store opening. Overhead is applied on the basis of ...

Question - nutty co gourmet snacks currently sells their

Question - Nutty Co. Gourmet Snacks currently sells their Gourmet Deluxe Gift Basket for 53% each. Nutty Co. currently holds 2B percent of the market share for high-end gift baskets. The marketing manager believes that t ...

Question it is common for social workers to be presented

Question: It is common for social workers to be presented with a crisis situation brought forth by clients, families, communities, and/or organizations. The ultimate goal is to restore the client to equilibrium. The five ...

Problem - transactions early januaryit is now 7 january

Problem - Transactions: Early January It is now 7 January 2018 You find a note on your desk from Duncan instructing you to record a list of transactions that occurred during the first week of January as follows: Transact ...

Question - jennifer is a cpa and a single taxpayer using

Question - Jennifer is a CPA and a single taxpayer using the standard deduction. In 2018, her CPA practice generates net income of $162,000 and she has no other income or losses. Jennifer's taxable income before the QBI ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert