1. Explain the significant differences between the four types of budget in terms of: (i) Meet the objective of public sector existence Traditional Budgeting System Program Performance Budgeting System Modified Budgeting System Outcome Based Budgeting System Your reflection: Your reflection: Your reflection: Your reflection: Minimizing expenditures and controlling resources. (ii) Budget preparation (simple, difficult or etc) Traditional Budgeting System Program Performance Budgeting System Modified Budgeting System Outcome Based Budgeting System Your reflection: Your reflection: Your reflection: Your reflection: (ii)Monitoring system Traditional Budgeting System Program Performance Budgeting System Modified Budgeting System Outcome Based Budgeting System ACCT3611 PSA/BAC/ June 21/Class Activity /28 July 2021 Your reflection: Your reflection: Your reflection: Your reflection: (iv) Accountability practices (available, not available or etc) Traditional Budgeting System Program Performance Budgeting System Modified Budgeting System Outcome Based Budgeting System Your reflection: Your reflection: Your reflection: Your reflection: 2. In your opinion, which type of budget that you prefer. Explain your reasons. Your reflection: 3. In your opinion, which type of budget best to be implemented by the public sector. Explain the reasons. Your reflection