K-MSG-L Notes 17 (25) - .Thishashad (PEM techniques,....

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either information or reinforced by very old and inadequately handled applications. This has had  deleterious effects on the functioning of their community expenses management (PEM)  techniques, that are often not adequately appreciated. The consequent deficiency of reliable and  timely income and expenses information for price range preparing, tracking, expenses control,  and confirming has negatively impacted price range management. The outcomes have been a  poorly handled dedication of govt resources, often leading to a huge buildup of arrears; excessive borrowing, pushing up attention levels and crowding out personal industry investment; and  misallocation of resources, undermining the performance and performance of support  submission. Further, government regulators have found it challenging to offer an accurate, finish,
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