An instrument which allows public officers to increase expenditure within a year is

Assessment: JAMB UTME - Principles of Accounts - 2020 Subject: Financial Accounting

Question 1 Report

An instrument which allows public officers to increase expenditure within a year is
Answer Details
An instrument which allows public officers to increase expenditure within a year is called a supplementary budget. A supplementary budget is a budget that is added to the original budget for a fiscal year. It is used to accommodate unforeseen expenses or to allocate additional funds for priority projects. The supplementary budget process allows public officers to increase the amount of money available for spending during the current fiscal year. This helps ensure that public funds are used effectively and efficiently to meet the changing needs of the government and its citizens.

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