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A principal spending officer is of the view that the organization can always carry out unbudgeted activities, programs, and projects through the use of virement. He argues that virement is a smart way of going around the rigid rules that govern national budget implementation.
Required:
i) Explain virement as a tool in public financial management.
(3 marks)
ii) Discuss the prohibitions on the use of virement under the Public Financial Management Act, 2016 (Act 921).
(4 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
A principal spending officer is of the view that the organization can always carry out unbudgeted activities, programs, and projects through the use of virement. He argues that virement is a smart way of going around the rigid rules that govern national budget implementation.
Required:
i) Explain virement as a tool in public financial management.
(3 marks)
ii) Discuss the prohibitions on the use of virement under the Public Financial Management Act, 2016 (Act 921).
(4 marks)
Find Related Questions by Tags, levels, etc.
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