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this is all I have 9. The principle of universality: a) means that each appropriation must have a given purpose and be assigned to a
this is all I have
9. The principle of universality: a) means that each appropriation must have a given purpose and be assigned to a specific objective in order to prevent any confusion between appropriations; b) means that all revenue and expenditure must be incorporated in a single document; c) means that the budget is adopted for one budgetary year at a time and that both commitment and payment appropriations for the current budgetary year must, in principle, be used in the course of the year; d) means that total revenue is to cover total payment appropriations with the exception of a limited number of revenue items which are assigned to particular items of expenditure; e) means that forecasts of revenue for the budgetary year must be equal to payment appropriations for that year: borrowing to cover any budget deficit which may arise is not compatible with the own resources system and will not be authorized Step by Step Solution
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