budgetary control

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budgetary control

n
(Economics) a system of managing a business by applying a financial value to each forecast activity. Actual performance is subsequently compared with the estimates
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"The 'Recognition' designation represents the dedication of our staff to implement budgetary controls to strengthen the district's financial position and poise the district for future financial stability," said Phil Pritzker, president, District 21 Board of Education.
Fitch anticipates Franklin County would maintain strong financial flexibility in an economic downturn based on strong budgetary controls, low expected revenue volatility and a consistently solid financial cushion.
Building local powerhouses is about devolving some key decision-making powers with budgetary controls over housing, transport, planning and policing.
Kristalina Georgieva, the nominee to become EU Commission Vice President for Budget and Human Resources, will be questioned at the European Parliament on October 2, the EP press office has announced.Georgieva will be facing questions from three EP committees, namely those responsible for budgets, budgetary controls and legal affairs.
The statement said CSTC-A had improved accounting practices, expanded budgetary controls for the execution of funds, set goals for execution rates, and conducted risk assessments to identify vulnerabilities in the ministries of finance, defence and interior for financial management systems and capabilities.
The draft is based on a statement agreed by EU leaders after a tense summit, on 9 December, when Britain refused to allow changes to the Lisbon Treaty to tighten up eurozone budgetary controls. As a result, 26 EU members have said they are prepared to sign an international agreement, which will be binding but which cannot change elements of the treaty.
"With Fortune 500 companies spending an estimated $500 billion globally for meeting and events, the Citi Meeting Card provides a single, global solution to increase spend transparency and impose greater budgetary controls over meeting spend," the bank said.
Unfortunately, fiscal irresponsibility has caused more coaching dismissals than won/loss records--which only emphasizes the importance of careful planning and budgetary controls.
'But over the past 12 months we have returned to more prudent fiscal policies and with the budgetary controls we now have in place we hope we will see the club breaking even within the next two or three years.'