Budgeting and financial management are at the core of economic and public sector program in most nation. The Malaysian government budget theme for 2019 is "Credible...

Budgeting and financial management are at the core of economic and public sector program in most nation. The Malaysian government budget theme for 2019 is "Credible Malaysian,dynamic economy, prosperous rakyat", focuses on institutional reforms,the people's wellbeing and promotion of entrepreneurial culture.

(a)   There areFOUR (4) types of budgeting system in public sector. Explain.

        i) Modified Budgeting System (MBB)

        ii) Traditional Budgeting System (TBS)

        iii) Outcome Based Budgeting (OBB)

        iv) Program and Performance Budgeting System (PPBS)

(b)   Analyze the advantages and disadvantages of the aboveFOUR (4) budgeting systems.

(c)    The Malaysian government aims to reduce the deficit in budget due to expenditure commitment by the previous administration (Star, 2 Nov 2018). RecommendTHREE (3) initiatives to the government on how to tackle the problem.