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BUDGETING
A budget is a financial or quantitative statement prepared and approved prior to a defined period of time for the purpose of obtaining the intended objective. In Zambia the Minister of Finance presents the National budget to Parliament so that debate can be opened and thereafter the budget approval. In view of the above, write on Budget preparation in Zambia, stating cleariy the procedures that are followed in coming up with the National Budget, budgetary cycle, methods used in budget preparation, purposes for preparing the budget and factors that might cause failure in budget implementation in public sector.
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