7/25/2019 Four Process of Budgeting

1/12

1. Four Process of Budgeting2. Budget Preparation- this place covers the estimation of government revenues, the

determination of budgetary priorities and activities and the translation of these priorities andactivities into budgetary estimates.

3. Budget Authoriation- this phase includes the legislative body revie!s the budget proposalsof the President and formulates an appropriation act in accordance !ith the process

specified in the "onstitution.#. Budget $mplementation% &'ecution- (his phase covers the various operational aspects of

budgeting. (his is the point !here the agency can ma)e use of the approved appropriation.*. Budget Accountability- this phase of the budget process is concerned !ith trac)ing and

monitoring of actual e'penditures, revenues, assets and liabilities of government agencies.$t is particularly involved in the evaluation of e'penditures and performance.

7/25/2019 Four Process of Budgeting

2/12

7/25/2019 Four Process of Budgeting

3/12

7/25/2019 Four Process of Budgeting

4/12

7/25/2019 Four Process of Budgeting

5/12

7/25/2019 Four Process of Budgeting

6/12

7/25/2019 Four Process of Budgeting

7/12

7/25/2019 Four Process of Budgeting

8/12

7/25/2019 Four Process of Budgeting

9/12

7/25/2019 Four Process of Budgeting

10/12

7/25/2019 Four Process of Budgeting

11/12

7/25/2019 Four Process of Budgeting

12/12