Budgets are undeniably more important than financial statements in local as well as national governments. The budgeting process determines the winners of more resources as well as the losers of political battles.
information system: decision-making and control(Zimmerman 2003). The budgeting process assists decision-makers within the departmental units as well as the elected officials that must allocate scarce resources among numerous competing proposals. The budgeting process also constrains the
behaviors of the appointed managers and employees, hopefully keeping them from wasting or misusing governmental resources for non-governmental purposes.
