This chapter argues that a manageri

This chapter argues that a managerial approach to budget execution yields
a more effective budget process and a higher value to the long-term fiscal
health of the organization, be it a central, district, or local government. A
managerial approach goes beyond a simple accounting approach in two
ways. First, it incorporates budget execution information into managerial
decision making on a continuous basis. Second, it requires management
information to be incorporated into budget execution reporting.Monitoring
and reporting during budget execution is not simply a legal compliance
exercise; it is an essential feedback loop that provides program managers
with critical information to guide their implementation of policies and
programs approved by the governing body.