on the subject of budgeting that appears on their web site at http://www.
We have borrowed some large elements from their site in our own
presentation and we acknowledge their valuable contribution.
We present our case for budgeting participation in Lebanon in the following
1) Definition – A definition of the Budget and the budgeting process
2) Why Budgeting? – A review of the principle objectives of the
budgeting process and its merits and advantages
3) Who will budget? – A description of the persons and the
organizations who should be involved in the budgeting process alongside
the public authorities, and the reasons for inviting them in.
4) Monitoring – In Lebanon the monitoring process is sorely lacking
throughout the entire public administration though it is an essential element
for the ultimate success of the national budgeting project.
5) Follow up with Ministries – At all the stages of the budgeting
process, Civil Society should maintain close contact with the different
Ministries concerned with the collection and the disbursements of
resources, not only the Ministry of Finance.
6) Follow up with Parliament –To obtain an optimum usage of public
funds, Civil Society should work in close coordination with the elected
representatives of the people, and particularly the parliamentary
7) Budgeting and Planning – Can a Nation budget effectively without a National
Definitions of budgeting
The following definitions of budget and budgeting found in Wikipedia apply
equally to persons, companies or nations.
A budget is a financial document used to project future income and
expenses. The budgeting process may be carried out by individuals or by
companies to estimate whether the person/company can continue to
operate with its projected income and expenses.
|21. Introduction to budgeting?