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Budget demystification and budget transparency in Malawi
March 2008
Alfred WD Chanza
Blantyre City Assembly, Malawi
Introduction
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Budget - Important instrument that every government uses
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Basic functions of budget entails collection and allocation of scarce resources to priority projects
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Budget demystification and budget transparency - new concepts in African countries
Definition of Budget Demystification
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Removal of mystery or confusion surrounding the budget
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Involves simplifying the budget information
Definition of Budget Transparency
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Full disclosure of all relevant fiscal information in a timely and systematic manner
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Prerequisite for public participation and accountability
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Important means of achieving participation and democratic control of budgetary process
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Allows an engaged and informed citizenry to have input into the budget process
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