A
Budget formulation: the preparation of estimates of expenditure and receipts for the ensuing financial year;
B
Budget enactment: approval of the proposed Budget by the Legislature through the enactment of Finance Bill and Appropriation Bill
C
Budget execution: enforcement of the provisions in the Finance Act and Appropriation Act by the government—collection of receipts and making disbursements for various services as approved by the Legislature
D
Judicial review of budget implementation: audits of government’s financial operations on behalf of the Legislature
