budgetary oversight
Spending review process
Budgetary oversight is the monitoring and review of how funds are allocated and spent, typically by a legislative body examining executive branch expenditures.
Congressional committees exercise budgetary oversight through hearings, audits, and spending reviews: The appropriations committee conducts budgetary oversight of defense spending.
The term implies accountability—ensuring money goes where intended.
- expense trackingRecording what you spend
- paper trailDocumentary evidence chain
- transparencyState of being see-through
- auditingExamining records for accuracy
- fiscal policiesGovernment revenue and spending decisions
spending caps · stewardship · purse strings · resource allocation · fiduciary duty · bean counters · cost-benefit analysis · internal controls · public accountability · cash flow management · forecasting · rainy day fund · performance reviews · financial metrics · regulatory agencies · legal frameworks · red ink · fiscal cliff
budgetary oversightfinancial neglect
Failure to manage funds
financial mismanagement · lack of accountability · rubber-stamping · willful blindness · looking the other way
budget, budgets, budgeted, budgeting, oversee, oversees, oversaw, overseen, overseeing