Government and Public Enterprises-Budgetary Relationships

Budgetary Relationships A Premchand The central issue of the budgetary relationship between government and public enterprises is the tenor of financial control exercised, the determination of what is considered important, and the general approach to all matters concerning the finances of enterprises. Institutional practices and traditions generate their own systems of values. Values, in turn, may lead to either flexibility or rigidity in the institutional approach influencing the budgetary process and the emphasis to be placed at various stages of work.