Question

analyze the comment "follow the money" to understand priorities in public policy

analyze the comment "follow the money " in understanding priorities in public policy

Answer 1

If we are the Citizen of United States the value of dollar is above every other denomination and to increase the value there has to the policy to make this denomination more public.

If we talk about the layman language the comment " follow the money " means to give importance to the money. However the theory is related to budget .

What do you mean by the above statement?

This was used to understand the corruption by the government and to detect the corruption the path followed was to examine the money . If there is transfer of money between the parties everything should be monitored like the transaction the value the consideration and the countries involved . Hence while following the money one can reach at the corruption and the amount involved.

• The government is formed for the citizens and to look after the economy of the country, therefore it becomes the responsibility of citizens to ensure that there is transparency in the amount spend by the government on public needs.
• There was various research guides and information provided to the public in understanding the practical approach made by the government for their citizens.
• The motive of every research and theory is to understand the budgets and the tools involved in the budget constraint.The calculation of budget shows the amount spend on education , health and other services of the citizens. However there is always the deviation between the calculation estimated and the results of practicality.
• Many times the amount given for something is misused and operated in something else, even used to fill the unofficial pockets of the authorities.
• The budget idea is pre determined but there are countries whom the budget is prepared after the allocation of funds to the respective sectors. The expenditure is incurred first and thereafter the report about the same is prepared.
• The budget of the country should be framed in such a way that the money involved is easily followed and monitors. It involves as the total funds to be used in every sector thereafter allocation of funds depending upon the needs and bids thereafter comparing the results and the budget made and thereafter in case of deviation the auditing the litigation to look after the deviation.
• The next question come in the mind is why there is deviation like if budget is made than how there is a possibility of mismatch between the budget and the results ? The answer is Corruption, poor management and misuse of funds. For this there is a need to follow the money given to each sector. If funds are used to fill the unofficial pockets than code of conduct is breached and compliance is not followed, if funds are diverted in other sector why was the need of that or the already given funds were not sufficient? Hence to answer all these question there was a need to the transparency and awareness among the citizen to understand the concept of money involved in the budget.
• The monitor can be done by making year to year reports, and evaluating the budget by the end of every quarter.
• If after spending too much there is slow development and poverty this means there is lack of transparency and monitor is not working properly
• Hence the aim is to forecast the budget and thereafter monitor the budgets and the actual result.

CONCLUSION

The citizens taking active part in understand this terminology will understand that the budget s formed is for them and should not be used for ill practices therefore there is a need of understand and educating to know better transparency. Moreover the suspicious transaction are pointed out in audit area and thereafter quick action should be initiated will the suspect is proved positive. If citizens are well aware and educated there will be less of corruption and thee people are knowing that they are being monitored.

Hence I would like to sum up that follow the money is the policy which help the under developed countries to become the developing and developed countries by ending the corruption and promoting the transparency in the economy.