The Budget Cycle can be described as consisting of four phases, Public Financial Management exam help

Public Financial Management exam

It consists of 7 questions. The attached excel file is intended for you to be use for question 6. I will send the all doc when we accept it.

This the question

Q1:The Budget Cycle can be described as consisting of four phases.Please list all four phases, one word for each phase.

Q2: You are the Director of the Budget Department in your Government Agency and you propose introducing the concept of “Beyond Budgeting” as a pilot (i.e. as a trial) in your agency. You explain to the Head of the Agency that you will ensure that the overall annual spending authority of this agency would be obeyed during the pilot phase (to preempt her most likely first reaction) but that individual Departments within the agency could operate within the concept.

Q3: List the three key objectives of public financial management and explain in detail what each of the three means.

Q4: You are the Permanent Secretary in your country’s Ministry of Finance. A new Minister has been appointed; she hasn’t served in the Finance Ministry since 1980. As a result, she knows very little about the public financial management revolution. You have to brief her before a joint meeting with European Union donor countries who are linking their release of the next round of funding to how your country is assessed in terms of the quality of its public financial management. Please write a briefing note for the Minister that covers:

Q5: Explain clearly, giving at least two reasons to support each answer, how a government’s budget can do any two of the following:

Q6:Look at the table and answer the following three True or False questions about Malawi’s Budget and argue your case on (iv):

Q7: Richard Allen refers in “Challenges of Reforming Budgetary Institutions in Developing Countries” to three stages of historical development often observed in countries with regard to the evolution of budgetary institutions, including in developing countries. One of the three stages is called “open-access society”.