EXECUTION PHASE

Any unspent funds from the previous financial year cannot be carried over into the next fiscal year.

Exceptions to this rule require prior parliamentary approval, ensuring accountability and fiscal discipline.

To ensure adequate liquidity, a cash flow budget is prepared on a monthly basis.

This budget is more concise than the main budget and highlights:

Total expected monthly expenditure

Total projected monthly revenue

Its primary purpose is to monitor the availability of cash for day$-$to$-$day operations within departments or institutions.