Preview

: Analysis on the Budget Practiced by the Malaysian Government and the Effect Forward National Economic.

Powerful Essays
Open Document
Open Document
6505 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
: Analysis on the Budget Practiced by the Malaysian Government and the Effect Forward National Economic.
Title project: Analysis on the budget practiced by the Malaysian government and the effect forward National Economic.

Research Question:

1. What budget practiced and analysis on it by the Malaysian government?

2. What the implication of application on budget by Malaysian government forward National Economic?

3. What are the variables that significantly affect the budgeting practices in Malaysia 's public sectors?

Objective

This research is more focuses in the role of the policy-making process and national leadership of Malaysian government based on analysis on the budget. This research also about the focuses of Tun Dr Mahathir Mohamad, Tun Abdullah Ahmad Badawi and Datuk Seri Najib allocating on their budget, application of budgeting technique for each year and the implication for each application of their focuses budget. It’s also discusses the way of government’s role in transforming budget for at least 10 year before this. Furthermore, it also discusses about the way of decision maker makes the policy for each year preparing the budget and implementation based on characterized by political determination, stabilities political of the country and also about the affection for the next year for allocating the budget.

Analysis On The Budget Practiced By The Malaysian Government And The Effect Foward National Economic

OBJECTIVE

1. To identify the focuses of Tun Dr Mahathir Mohamad, Tun Abdullah Hj Ahmad Badwi and Datuk Seri Najib allocating on their budget.

2. To identify the technique used by Malaysian government during the preparation of budget.

3. To determine the way of decision maker makes the policy during preparing the budget.

4. To identify the way decision maker allocate budget in the one of scope strategies.

5. To determine the implication for each application of their focuses and budgeting techniques in National economic and affection to the next year allocating the



Bibliography: Chapter 3, Budget System and Expenditure Classification, page 9-10. Retrieved from http://www.adb.org/Documents/Manuals/Govt_Expenditure/chap3.PDF Docshare, page 1. Retrieved from http://www.docshare.com/doc/172509/The-strengths-and-weaknesses-of-the-tradition Outcome Based Budgeting, (2009-8-3). Retrieved from http://www.pmo.gov.my/ksn/?frontpage/news/detail/2263 James S., Herbert D. W. (1968), PPBS: A Management Innovation, Journal of Cooperative Extension: Winter pg 223. Retrieved from http://www.joe.org/joe/1968winter/1968-4-a4.pdf) Chapter 8, Retrieved from http://www.asosai.org/R_P_financial_accountability/chapter_8_malaysia.htm) Prajapati Trivedi, Program Agreements in Malaysia: Instrument for Enhancing Government Performance and Accountability, Page 3. World Bank report (1999) on Public Expenditure Management in Malaysia: How Malaysia Performs. Retrieved from http://www.mfdr.org/sourcebook/2ndEdition/4-2MalaysiaRBM.pdf).

You May Also Find These Documents Helpful

  • Powerful Essays

    Perhaps no other function of government is more important than the budget process and the resulting budget document. According to the Government Finance Officers Association [GFOA], (1998) “A good budget process is far more than the preparation of a legal document that appropriates funds for a series of line items. Good budgeting is a broadly defined process that has political, managerial, planning, communication and financial dimensions”. The budget document needs to be more than an accounting statement that reconciles revenues and expenditures. A good budget document serves to ensure that government is efficiently using the scarce resources it possesses and in turn delivering the goods and services needed by the public. The budget document must also be “strategic in nature, encompassing a multi-year financial and operating plan that allocates resources on the basis of identified goals” (GFAO 1998). In short, a good budget document and budget process translate an organizations policies, plans and political commitments into an actionable plan whose performance can be tracked against stated objectives to measure overall operational efficiency and organizational success.…

    • 1569 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The use of budgets will not guarantee success, but they do help to avoid failure. Budget in management accounting comes in many forms and serves many functions. The use of budgets is important because it helps to understand on future expenses and revenues, thus, being effective. Budgeting allows the management to measure the actual financial performance of its business. To highlight on the significant use of budgets, it was found that “a local authority usually prepares a budget on the basis of what it is likely to spend.” (Dyson, 2004, p. 380). A budget requires planning, control and performance evaluation (Peavler, 2013). Without the preparation and use of budget, the management is not planning; therefore, there may be a chance of overspending. The budgetary control method helps achieve the financial goals and objectives of the business. The performance evaluation helps the business understand their performances at the end of the time period that the budget covers.…

    • 695 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    This article will identify the key components of a budget as well as the methodologies involved in the budgeting process. The influences of management behavior will be discussed followed by a brief example of bad budgeting practices and its consequences.…

    • 2586 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    A major element of financial data activity rests in the act of budgeting. Budgeting is the process of allocating finite resources to the prioritized needs of an organization. In most cases, for a governmental entity, the budget represents the legal authority to spend money. Adoption of a budget implies that a set of decisions has been made that culminates matching resources with needs. As such, the budget is a product of the planning process.…

    • 818 Words
    • 4 Pages
    Good Essays
  • Better Essays

    4. Analyze the budget using a chart like the one below. In the first column, note the change giving specifics. In the second column, note what the government hopes to achieve with this change. In the third column, analyze which economic goal(s) this measure will help to achieve. Include at least 10 different changes.…

    • 1443 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Budget Comparison

    • 629 Words
    • 3 Pages

    First of all, the budget on 2012 is formulated with the theme “national transformation policy, welfare for the rakyat, well being of the nation with focusing on five key area which area accelerating investment, generating human capital excellence, creativity and innovation, rural transformation programmed, strengthening the civil service and easing inflation and enhancing the well being of the Rakyat. While in the 2013 budget with the theme of “prospering the nation, enhancing well being of the rakyat, a promise fulfilled”, the government is focus on five key area which like a previous budget but it is more efficient and effective in term of boosting investment activity, strengthen education and training, inculcating innovation, increasing productivity, fiscal consolidation and enhancing the public service delivery and enhancing well being of the rakyat.…

    • 629 Words
    • 3 Pages
    Powerful Essays
  • Powerful Essays

    On the other hand, there may be a general fear and misunderstanding about the purpose of the budgetary process and control, as it often regarded as time-consuming, unproductive, ineffective and meaningless rather than it being recognized as a tool for management, in all levels in an organization structure. Managers should be engaged in a detailed planned campaign on education and understanding the importance of budgeting as well as to encourage change from what has become an acceptable culture of imprudence towards budget preparation and suggest ways to make the budgetary process and the information become efficient, effective and meaningful.…

    • 3195 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Purposes of Budgeting

    • 557 Words
    • 2 Pages

    In modern days now, developing a budget has become a very crucial step in every business. There are many purposes that can be served by implementing a budget system. Thus through this budgeting process, there are 5 major purposes that can be resolved which is planning, communication & coordination, allocation of resources, controlling and evaluation.…

    • 557 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Bottled Water

    • 523 Words
    • 2 Pages

    I am sure that we all know that water is essential for life. With that being said it is obvious that the target market for bottled water is the human race and even our different pets. After reading through some interesting articles about bottle water target markets I found it interesting that minority groups are at the top of the list. Hispanic and African American groups have a high target market. There has been research done concluding that minority groups reach for bottled water more so than white American’s and also spend more of there income at about 1%, compared to the 0.4%. When water companies are targeting these groups they try to create an image that their product is healthier, safer, and cleaner.…

    • 523 Words
    • 2 Pages
    Good Essays
  • Good Essays

    For Control purposes, once a budget is formulated a regular reporting system can be establishes so that the extent to which plan are, or are not, being met can be established. It at the same time compares actual results against budgets. Besides that, in the context of communication, the construction of budget can be a powerful support to defining the lines of horizontal or vertical communication within the enterprise. It transmits information about plan to all level of affected management so a desirable objective able to identify and develop. In addition, for performance evaluation, it provides a basis for…

    • 931 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    During the analysis of the proposed budget for the construction of two administrative offices, the budgeting department analyzed all the presented facts and it was satisfied with them. Some of the facts checked include the accuracy of increases owing to economic dynamics and the relevance of the suggested activities. Normally, the budgeting department is…

    • 927 Words
    • 3 Pages
    Powerful Essays
  • Powerful Essays

    Methods of Budgeting

    • 11535 Words
    • 47 Pages

    A paper that presents different approaches to budgeting in the public sector along with case studies of their application by various organisations internationally.…

    • 11535 Words
    • 47 Pages
    Powerful Essays
  • Powerful Essays

    Budget of Bangladesh

    • 4546 Words
    • 19 Pages

    Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. The budget has been announced with eight major objectives including creating employments, maintaining prices of essentials at a tolerable level, ensuring food security and extending social safety net.…

    • 4546 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    Restructuring Subsidy

    • 9112 Words
    • 37 Pages

    Budget deficits in Malaysia became commonplace with the advent of the National Economic Policy (NEP) in 1970. In the ensuing decades, fiscal spending was actively…

    • 9112 Words
    • 37 Pages
    Better Essays
  • Good Essays

    In developing an annual budget accompanies may choose to adopt either top down budgeting approach or bottom up budgeting approach. In the finance ministry bottom down budgeting was a traditional way used in budget formulation. Top down budgeting came in the 1990s as a motivation to curb the fiscal deficits in which it lead to fiscal crisis in other countries. Top down budgeting was found that it helps and manages well the fiscal deficit efficiently unlike bottom up budgeting approach. Countries like Denmark, Korea Sweden, Australia, Netherlands, and Chile etc actively use top down budgeting because it helps in getting information for the evaluation of new initiatives and also in reviewing of programs for monitoring purposes. Sweden adopted top down budgeting approach because of the series of huge fiscal deficits it used to incur and it came to be that top down budgeting saved them. Top down budgeting is advantageous since it is done multiyear unlike bottom down budgeting which is annually. Top down Budgeting saves on time since it has delegated authority to take care of the budgeting process unlike Bottom down approach which is time consuming. Bottom up approach ignores economic forecast since it involves ministry by ministry analysis unlike top down approach which focuses on economic forecast as it is bases more in fiscal analysis. In top down budgeting there is ownership of proposal whereby the ownership is joint unlike bottom up approach where the ownership proposal is specific. We are able to see that top down budgeting is more advantageous to use in budgeting approach. Countries like Netherlands, Chile and Canada have independent bodies for economic forecast. Since Top down budgeting successes is seen in the office…

    • 868 Words
    • 4 Pages
    Good Essays