Author: KEWASNET Date of publication: Publisher: KEWASNET

The infographic depicts the stages of the government budget cycle, highlighting the key steps involved in the process. It starts with the formulation stage, where the budget is created by estimating government revenues and planning expenditures for the upcoming financial year. The next stage is approval, where the budget is reviewed and approved by the Legislature and the President. Once approved, the budget moves to the execution stage, where the government implements the planned expenditures and revenue collection measures. Lastly, the oversight stage involves monitoring and evaluating the budget's implementation, ensuring accountability and making any necessary adjustments. The infographic provides a visual representation of the budget cycle and its sequential stages, offering a concise overview of the budgeting process in a clear and organized manner.