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how is budget tracking executed?15 marks

how is budget tracking executed?15 marks

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Answer #1

Budget execution is completednin.multiples steps provided below -

  • Post presentation of the Budget the money Eli's allocated to various ministries and departments
  • Ministeries handles those expenses independently and directly do the procurement or expenses as necessary
  • Payments against those transactions are recorded in the accounting books
  • Execution reports are produced throughout the years with details on the expenses along with the year end execution reports for the full fiscal year which are audited by due authorities
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