Cash planning and budgeting are important in government because the timing of cash inflows often do not necessarily coincide with the timing of cash outflows.

Question

Quizplus · Accepted Answer

Cash planning and budgeting are essential in government because the government often receives cash inflows at different times from when they are required to make cash outflows. Therefore, proper cash planning and budgeting ensure that the government has enough cash to meet its obligations and that cash is effectively managed.

Cash Planning and Budgeting Are Important in Government Because the Timing