Question

Why do you think that budget cycle is as complicated as it is, for example, why are there are many phases in the budget cycle going on at any given time?

Answer 1

The budget cycle is as complicated as it is defined as because

1) Under the government budgeting all four phases are so intermix ie. preparation, approval, execution and evaluation are done by almost same personnel.

2) To many projects are going on at a time that it is very difficult to concentrate at particular phase of a budget.

3) As all the projects are within the same management so distinguishing one budget from the other is very difficult.

4) Under each and every budget, the follow-up of the very next phase is so fast that it creates confusion at very stages.

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