Expenditure Management

CAG :

  • The government’s fiscal management this financial year has been better than the previous years with expenditure being spread out as opposed to the usual bunching up toward the end of the year
  • The normal trend in government expenditure over the years has been that expenditures increase in the last two quarters of the financial year, mainly Q4. The criticism is that this is wasteful expenditure and that government departments just spend money so as to exhaust the budget. But this year, even up to the six-month period, expenditure was more or less 48-50 per cent of the budgeted amount

 

 

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