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Budget Cycle

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Budget Cycle 

The budget cycle is the stages of government budget planning and implementation that occurs on an annual basis.

(Makarenko, Jay. 2006. “The Budget Cycle” in The Federal Budget in Canada. Accessed in May 2009. http://www.mapleleafweb.com/features/federal-budget-canada#cycle.)

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Government priorities are generally articulated at the beginning of the budget cycle in the speech from the throne, and these priorities are generally reflected in the budget speech. Canadian governments are responsible for the management of public funds. Depending on the political formation of the government (majority or minority), the budget cycle and process can have varying degrees of significance. In a minority government, it is perceived to be more significant as the budget relies on external party support in order to pass (the budget is always a vote of confidence).

 


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