Public sector budget: An overview / Zuhariah Husin

The public sector budget, tabled in Parliament every year,
plays an important role in resource allocation towards
achieving some public values. The importance of the
budget is further stressed by the legal requirements for the
preparation of budget. The main components in the
budget are revenues and expenditure and presently every
two years public sector entities have to go through the
budget process, which starts in January and ends in
December. A number of budget issues such as program
evaluation, problem of shortfall, two-year budget and
budget deficits seem to attract continuous debates and
discussion amongst the concerned parties