Public Administration Discussions: A Little More About Finance

Hi!

A little more about finance!

It is now end of the financial year here. Our project director was quite happy yesterday. He informed everyone that they were able to spend the amount of money that they intended to spend for this year. They gave their final reports to Ministry of Agriculture and Finance Ministry. There is no money left with the project.

The point is that our budgeting system is very traditional. Recently, we introduced program based budgeting but still we widely use traditional budgeting. In traditional budgeting, the budget of this year is made based on the expenses of last year so if once could spend its entire budget this year, will get the same amount of money or probably more for next year. That?s why our project director was happy because he could demand more money as he had already spent what is there in the project.

I still have that question in mind if really have to think about budgets in that nature. ?I believe efficiency and goal achievement should be a concern but not spending money. ???

Regards,

Javid

Source: http://javid-qaem.blogspot.com/2012/03/little-more-about-finance.html

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