What is ciclo orçamentário?

Ciclo orçamentário is a term used in the field of public finance to refer to the complete process involved in the preparation, implementation, control, and evaluation of a government's budget. It encompasses various stages, starting with the formulation of budget estimates by government departments and agencies, followed by the approval of the budget by the legislative body. The next step involves the execution and monitoring of the budget by the executive branch, ensuring that allocated funds are used efficiently and effectively. Finally, the evaluation of budget performance is conducted to assess the outcomes and impacts of budgetary decisions. In summary, ciclo orçamentário is a comprehensive framework that guides the entire budgetary process in a systematic manner.

This mind map was published on 24 August 2023 and has been viewed 161 times.