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Briefly explain six cannons/principles of budgeting

      

Briefly explain six cannons/principles of budgeting

  

Answers


Ruth
1. Executive programming. Being the programme of the executive, the budget should reflect
all government responsibilities and activities. The social, economic and political programmes
of the government should be clearly unveiled in the budget programme.
2. Executive responsibility. Chief executive should ensure that the departmental
programmes planned is capable of fulfilling the desire and intention of legislature
3. Reporting. Information regarding the progress of the work, programmes executed,
revenue mobilized and expenditures made should be furnished to the executive
periodically.
4. Flexibility. Budget should be flexible enough to meet the government‘s financial policies
according to the changing social- economic conditions in the society.
5 Adequate tools. The chief executive should be armed with sufficient and adequate
administrative tools to fulfill its budgetary responsibilities
6. Active co-operation. Efficient budgeting depends upon the active co-operation of all departments and their sub-division mobilized and executions
NatalieR answered the question on June 21, 2022 at 11:30


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