This chapter is part of a comprehensive manual, Managing Government Expenditure. It presents a conceptual foundation and has a deliberate operational thrust, covering the entire public expenditure management cycle – from multiyear expenditure programming and budget formulation through budget execution, audit, and evaluation. This chapter focuses on core processes of budget preparation and on mechanisms of aggregate expenditure control and strategic allocation of resources. For more chapters, please visit the following website:
http://www.adb.org/documents/manuals/govt_expenditure/
