Estimating capital requirements : The company must estimate its capital requirements (needs) very carefully. This course is almost entirely about the expenditure side of public financial management: issues of taxation, borrowing, debt and aid are dealt with in Public Financial Management: Revenue, while issues concerning the financial relationships between tiers of government are covered in Decentralization and Local Governance.
Consequently, reasonable governance is required to establish a sound public financial management system that is responsible for planning, budgeting, implementation and follow-up of government financed projects in the rural areas so as to create better conditions for sustainable development (Hallgerd, D. …