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Governments use a variety of budgeting approaches in developing annual budgets. Required: a) What are...

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Accounting

Governments use a variety of budgeting approaches in developing annual budgets. Required: a) What are the objectives of budgeting in the public sector? (2 Marks) b) Write a report discussing the budgeting approaches used by governments to develop the annual budget. In your report discuss in detail about line-item budgeting, performance budgeting, program budgeting, and entrepreneurial budgeting.

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