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A Medium Term Expenditure Framework (MTEF) is a budgeting approach that aligns government spending with medium-term policy objectives, typically covering a period of three to five years. It facilitates strategic planning by providing a multi-year perspective on resource allocation, allowing governments to prioritize expenditures based on fiscal constraints and policy goals. The MTEF aims to enhance transparency, accountability, and efficiency in public finance management by linking policy priorities to budgetary resources over the medium term.
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What does allowed expenditure mean?
Allowed expenditure refers to the specific costs or expenses that are permitted or eligible for reimbursement or deduction under a particular policy, regulation, or financial framework. This term is often used in contexts such as budgeting, accounting, or grant management, where organizations need to adhere to certain guidelines regarding what can be claimed. Understanding allowed expenditure helps ensure compliance with financial rules and maximizes the effective use of funds.
What is expenditure warrant in relation to public sector accounting?
warrant is a general term for the document authorizing the officer controlling expenditure to incur expenses.
What are t6he examples of revenue expenditure?
Any asset purchased for short term with the intention to resale it OR any repair, replacement, which is done to maintain a standard of activity level is termed as revenue expenditure. A car purchased for the purpose of resale is revenue expenditure, on the contrary if the car is purchased and is used for the purpose of the company then it is considered as a capital expenditure.
What is iiregular expenditure?
Irregular expenditure refers to spending that occurs outside the normal budgetary or financial planning framework. This type of expenditure is often unpredictable and can arise from unforeseen circumstances, emergencies, or one-time expenditures that do not recur. Examples include natural disaster relief costs, unexpected repairs, or unplanned capital investments. Such expenditures can impact financial stability if not managed properly.
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What is meaning of Medium term expenditure Framework?
It is used as long term Budgeting instrument to maintain stability of public policy .
What types of expenditure?
There are 2 types of expenditures: capital expenditure (long-term assets like machinery) and revenue expenditure (raw material).
Why different sources of finance might be neededrevenue expenditure and capital expenditure?
this is beacuse revenue expenditure is for a short period of time therefore it wouldnt make sense for it to get a long term loan neither would it make sense it capital expenditure which is long term uses a short term method of finance
What has the author C K George written?
C. K. George has written: 'Water quality in reservoirs of Hyderabad, 2005-06' -- subject(s): Evaluation, Reservoirs, Water quality 'Medium term expenditure framework for health in Madhya Pradesh' 'Public private partnerships in prevention of waterborne disease in urban slums (2004-06)' -- subject(s): Epidemiology, Waterborne infection
What does allowed expenditure mean?
Allowed expenditure refers to the specific costs or expenses that are permitted or eligible for reimbursement or deduction under a particular policy, regulation, or financial framework. This term is often used in contexts such as budgeting, accounting, or grant management, where organizations need to adhere to certain guidelines regarding what can be claimed. Understanding allowed expenditure helps ensure compliance with financial rules and maximizes the effective use of funds.
What has the author Jane Kiringai written?
Jane Kiringai has written: 'Budget reforms and the medium-term expenditure framework in Kenya' -- subject(s): Budget, Public Expenditures 'A 2003 social accounting matrix for Kenya' -- subject(s): Accounting, National income, Social accounting 'Debt and PRSP conditionality' -- subject(s): Debt relief, Domestic Economic assistance, Economic assistance, External Debts, Poverty
What is expenditure warrant in relation to public sector accounting?
warrant is a general term for the document authorizing the officer controlling expenditure to incur expenses.
What does the term physical fitness mean?
1 met = resting energy expenditure
What does the physical fitness term MET mean?
1 met = resting energy expenditure
What is the term for dissolving medium in the solution?
Solvent is the term for a dissolving medium in a solution. The material which is being dissolved is called the solute.
What term describes the increase in energy expenditure that occurs in a person who fractures a leg?
Adaptive thermogenesis
What are t6he examples of revenue expenditure?
Any asset purchased for short term with the intention to resale it OR any repair, replacement, which is done to maintain a standard of activity level is termed as revenue expenditure. A car purchased for the purpose of resale is revenue expenditure, on the contrary if the car is purchased and is used for the purpose of the company then it is considered as a capital expenditure.
