In considering the many aspects of budgeting and expenditure control, what relevance does a topic entitled “Government Accounting: Promise and Performance” have? Doesn’t budgeting relate to future priorities and total outlays? Yes, it does. Don’t budgeting and expenditure control concern themselves principally with the impact of total spending on the economy, how public funds are to be raised, and decisions on the projected deficit or surplus in the treasury? Again, the answer is in the affirmative.

Issues and Country Studies
Editor: A. Premchand