Good Example Of Essay On Human Resources Management
In forming a provincial budget the written cases are used in a clear analysis of present organization actions. Further, a recommendation regarding future actions will be proposed in addition to addressing the specific questions related to each organization’s progress. In this discussion the case will be critically evaluated and evidence documenting the effects of each suggestion will be carried in favor of the overall position. Through a careful analysis an understanding of the problem, possible solutions and answers for specific questions posed through the case will be elucidated.
According to the case there are significant benefits to creating an overall budget. Each province and system of government approaches this process in a unique way, while the end goal is to develop an overarching financial plan that is capable of allocating funds in the most efficient and necessary ways to the clients. The issues that are clarified through this the systems that each government uses are in reference to resources, scarcity and financial or economic decisions that affect the specific circumstances that budgetary expenditure yields. According to the case it is possible for optimum results and plans to be established based on the function and needs of government bodies and organization within the community and society at large.
In order to provide an effective budget it is essential that expenditure and growth are forecasted efficiently. These steps provide information regarding the individual province’s needs and ability to raise funds to create the longevity of fiscal health amongst government officials and departments. Much of this attention requires the forecasting and recognition of economic patterns and revenue changes prior to their implementation within the province. Budget plans in this way can create beneficial social programs that reduce the dependency on outside resources as well as the general operating deficits pertaining to existing programs.
The reports provided in this case demonstrate various aspects of the province and their economy. Performances regarding foreign exports are produced with regards to price surges as well as increased GDP. Overall these terms have risen over the past several years indicating a inflation as well as greater performance through construction and utilities departments. Budgetary expenditures have been on a downward trajectory and level with historical expenditure from previous forecasts. These aspects of growth are significant and illuminate the weakness of economic progress overall.
The most significant financial ratios that demonstrate constraint are between cost of service and public debt as well as that of the total budgetary revenue available. Since this number is decreasing it is predicted to combine with increasing interest rates in order to diminish the value of the dollar. Ultimately these reports and supporting documents show that revenue must be increased in order to face the burgeoning financial difficulty that is faced by the province. From these conclusions it is evident that option one and four will promote the greatest longevity of tax increases. This is accomplished through small reductions in the way that government budgets are allocated in addition to the increase of taxes to a moderate degree.
Reform can be based on decisions made regarding accumulated debt and controlled spending. These are two aspects of analysis that can contribute to the changes necessary to secure systematic progress within a budget and establishment (Roos et al., 1998). As seen in Canada the implications of option four allow for these parameters to be accomplished. They also illustrate the best value in maintenance and acceptance on a widespread level of budgetary cuts in order to create a better long-term plan.
Since provincial budgets encompass expenses related to education and healthcare it is possible for social services and other forms of payment to transfer subsidiaries to further corporations. Expenditure on communication and culture as well as the environment are also delineated by provincial plans (Flanagan, 2005). This has been shown in several capacities throughout the case. Since there are a variety of categories that must be ascertained it is beneficial for the long-term success of individual departments if overall spending is cut and taxes levied at a slightly higher rate. As suggested by option one and four these will contribute to a solution for the deficient and help increase overall revenue.
There are no shortages of regulatory principles within provincial budget management. This is contingent to the way that states assign taxes in order to compensate for the lack of resources provided by federal systems or methods of implementation (Sewell, 1996). By allowing these varieties of situations to progress it is beneficial that development and redistribution can be used for the efficiency of state performance. This further benefits the citizens and departments contained at the provincial level.
While the general trend asserts tax-based allocations to be subsided and income based fees to improve tourism, there are several implications to this that require attention with relevance to the particular case in question (Van Sickle et al., 1998). For example, when fiscal restraints cause reduction to programs that presently exist it is possible to understand why programs are limited in scope and quality. Option one indicates that no new budgetary resources would be available, however taxation in option four would be a good way to supplement the provincial establishment. This may seem counter intuitive however it provides the best revenue since income and revenue are compromised.
Social development and budgetary proceedings are related to the way that welfare systems and other budgetary concerns are allocated. IT is integral to the overall approaches that are implemented by provincial departments that budgetary allocations are consistent and provide regular support for necessary services (Budlender et al., 2010). By allowing such circumstances to endure it becomes feasible for long-term products and situations to make change within the province rather than in inexplicably minute degrees when budgets are tampered or discontinued. Ultimately the best option as described would facilitate the allocation of resources to those programs that are most crucial to provincial function, followed by assessment and decimation of additional funds to those groups that can benefit in a non-deficit budgetary situation.
In conclusion the budgetary proposition elucidates key terms and elements that are necessary for the best planning that the province can execute. Despite financial statements that reflect a diminished value and significance of budgetary restrictions it is possible to find a greater scope of clarity in the future if taxation is increased slightly while new programs are not implemented. This recommendation is based on the assessment of existing revenue and prospective growth. The options presented clearly differentiate themselves in the quality of implications and scope of change proposed. Ultimately option four and one can create a maximum value for the effective decimation of existing budgets and for the most practical expansion for future endeavors. Overall the budgetary situation can be shifted over the next few years in the case example since changes to implementation and strategy will lead to the best understanding and depiction of funds. These choices will lead to a better future for state programs and the citizens who benefit from them on a regular basis.
Budlender, D., & Proudlock, P. (2010). The Children's Act Has Commenced: Are the 2010/11 Budgets of the Provincial Departments of Social Development Adequate to Implement It?. Children's Institute, University of Cape Town.
Flanagan, G. (2005). Not just about money: Provincial budgets and political ideology. The Return of the Trojan Horse: Alberta and the New World (Dis) Order, edited by TW Harrison. Montreal: Black Rose.
Roos, N. P., Brownell, M., Shapiro, E., & Roos, L. L. (1998). Good news about difficult decisions: The Canadian approach to hospital cost control. Health Affairs, 17(5), 239-246.
Sewell, D. O. (1996). " The Dangers of Decentralization" According to Prud'homme: Some Further Aspects. The World Bank Research Observer, 143-150.
Van Sickle, K., & Eagles, P. F. (1998). Budgets, pricing policies and user fees in Canadian parks' tourism. Tourism Management, 19(3), 225-235.