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Benefits of capital budgeting in the public sector

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Benefits of capital budgeting in the public sector;

  • It facilitates and promotes sound financial management
  • It promotes greater efficiency in the use of tax resources
  • It offers an effective way to replace or repair capital facilities
  • It forces communities to examine their goals and needs capabilities
  • It is an important means for promoting regional corporation
  • It provides important guide in the growth and development of the community
  • It enhances the government or organization's opportunity to participate
  • It encourages public organizations to improve their administrative system

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