Question

What is the implication of the Annual Budget on the finances of the country? If the President is
bominal head, why do you think financial decisions are initiated in his name?​

Answer 1

hi mate

One of the primary purposes of budgeting is to provide control over the revenues and expenditures of the government. The budgets are an important part of maintaining control of a government's finances and are a means of achieving the financial reporting objective of accountability

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