Public Administration Questions
Public budgeting refers to the process of planning, allocating, and managing financial resources in the public sector. It involves the formulation, execution, and evaluation of government budgets, which are comprehensive financial plans that outline the revenues and expenditures of a government entity for a specific period, typically a fiscal year. The concept of public budgeting encompasses various activities, including revenue forecasting, expenditure prioritization, resource allocation, and financial control. It aims to ensure the efficient and effective use of public funds to meet the needs and goals of the government and its constituents. Public budgeting plays a crucial role in shaping public policies, promoting transparency and accountability, and facilitating the delivery of public services.