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The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king!
Financial Planning is the practice of approximating the capital needed and establishing its competition (Snowdon, 2019). It is the practice of outlining financial strategies in association with procurement, investment, and management of capital of a business. On the other hand, financial controls are the processes, strategies, and techniques by which an enterprise monitors and controls the course, distribution, and usage of its monetary capital (Snowdon, 2019). Therefore, financial planning and controls are the very basics of reserve administration and operational competence in any enterprise. This is because they both offer the foundation for comprehensive administration and permit managers to create rules and guidelines that empower the corporate to prosper and develop (Snowdon, 2019). In this book, we are going to understand financial planning and control.
Beyond the Annual Budget is a comprehensive review of country experience with Medium Term Expenditure Frameworks (MTEFs) worldwide. It looks at countries both with and without MTEFs over the period 1990 to 2008 to obtain results about their impact on fiscal performance.