Investor Presentaiton
Budgeting process
Several factors
drive expenditure
uncertainty, which
drives high
variability between
expected vs actual
budget
Lack of spend
prioritization
Lack of prioritization
across programs
Lump sum spend profiles
submitted by programs,
which don't account for
project phases e.g.
requesting for 2 Bn to
spend over 4 years as
lump sum in Y1
2
Lack of monitoring &
evaluating framework
Lack of transparency
into how disbursed funds
are spent, which should
to serve as basis for
subsequent year's
budget
3
No revenue-based
budget justification
Lack of accountability
for MDAs to accurately
report revenues
received (-50%
unreported). This should
information should
inform budget allocation
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