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.