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  • Essay / Key Elements of Public Budgeting and Financial Management for Overall Growth and Development

    Table of ContentsIntroductionResearch ProgressConclusionIntroductionPublic budgeting and financial management is very fundamental for any development oriented nation. Budgeting and management thus upholds the concept of accountability, thereby enabling appropriate allocation of public funds and resources. Local government officials should be able to account for every penny, especially from a spending perspective. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Customers must be treated fairly in order to attract their investments and participation in nation building. Responsibility will be the main objective and goals of the growth and development of the general public. However, other internal and external drivers of backward development could hinder the necessary development for which it is intended. Therefore, the government should take the lead in ensuring that the aspects of corruption and misappropriation of public resources and funds are completely eliminated (Chand, 2008). This case-based research paper addresses the key elements of public budgeting and financial management for overall growth and development. Research Progress The government has the primary responsibility to cherish and uphold the concept of accountability. Government leaders must embrace a culture of prosperity and proper policy implementation. The lack of a baseline of traditional economic results will hamper the search for accountability, particularly among leaders. Not actively involving the public as a stakeholder could ruin the entire accountability process. Monitoring the performance of all governmental and non-governmental activities is the fundamental unit towards a better future and higher economic gains. The annual assessment is very healthy for all businesses carried out during the financial year. Without careful assessment, the public will be treading on dangerous ground that could affect the future in economic terms. The necessary information should be made public so that it is informed of ongoing projects. This will help citizens understand current economic trends and act quickly to achieve better performance. A critical evaluation of past resource decisions will result in better and concrete decisions in the near future, thereby infusing a better future for the state. This could be achieved through associations of government officials. It takes courage to go through government financial records to understand where necessary changes need to be made. Annual reports should be useful through clear and thorough hearings to uncover any notable anomalies. Better service delivery options should be offered to cater to all clients, regardless of their status. Backup arrangements should not be a problem for the government to offer legitimate delivery services to the general public. Instead, it should give them a chance to serve customers with due respect. Equitable allocation of resources should serve as the basis for financial stability. Every region of the country should benefit from the national cake by getting an equal share, without further discrimination or underestimation. For example, decentralization to the county level will help counties grow anddevelop to higher levels. The central government should ensure that the available national resources are distributed equally so that the entire region of the state can experience development (Menifield, 2013). Government agents on the ground should also be held accountable for actions to address the problem of economic underdevelopment. Citizens have a voice in favor of reason and the proper implementation of policies. This could be done by raising the alarm on inappropriate and illegal activities, which could be very dehumanizing and discouraging. For example, if citizens realize that some politicians are wasting public funds for their own selfish interests, they will not should not hesitate to ask why this is happening. They should speak out against this kind of eventuality and illegal transactions, which are doomed to retrograde development. Communication is important for any positive-minded country. The State must make important and necessary information available to the general public. In fact, it is the sole responsibility of the state to ensure that the general public receives the information necessary for active participation. It should generate results, which must have been obtained through extensive hearings and research. The information available will help customers know and be aware of the core ideologies of their companies. For example, if there is a problem in a given ministry, the government must ensure good coordination of the information provided and the situation on the ground (Menifield, 2013). This will help customers come up with better strategies suited to the current situation. This concept of communication applies to all levels, including vertical and horizontal. The main issue discussed is public budgeting and financial management. This problem must be addressed by actively involving all necessary stakeholders. Both sides must work in coordination to achieve faster growth and development. According to our case study, local government officials saw fit to synchronize and re-strategize on positive measures towards nation building. They decided to simply redefine their long-term goals and objectives. They discovered that the only platform for financial growth and development is to cherish and defend customer relationships. If the country maintains good relations with its customers, it will experience certain economic growth and development. This could be achieved through massive investments, hence the higher stakes for the economic baseline. In fact, it has been realized that it is the only form that can be used to describe the country's efforts in providing services to customers and critically responding to their needs. Therefore, it is clear that for every government policy implemented, there must be public accountability. Indeed, customer-oriented government will always solicit public opinion on public agendas. By doing so, customers will know what is expected of them and the necessary measures that have been taken by the government. Additionally, the public should be involved in jurisdictional plans because they are part of the public-government dynamic. The policies implemented should be subject to change based on demand from the public sphere. If customers are concerned about changing certain policies, the government must act without hesitation to improve and facilitate economic growth trends. Thanks to customers, the economic and political capacity of the nation..