Technical Note

MTBF - A TECHNICAL NOTE

Muhammad Junaid Ashraf, Ayesha Bhatti, Hassan Raza Kazmi

INDUSTRY :-

AREA :FINANCE

ORGANIZATION :-

LENGTH :0

LUMS No :02-611-2015-2

PUBLICATION YEAR : 2015

ABSTRACT:

In recent times, budget deficits are not only contributing towards destabilisation of governments but are also leading to economic meltdowns in countries (BBC 2014). A study shows that 169 countries currently have a budget deficit (Central Intelligence Agency 2014). Consequently, huge deficits force governments to raise their debt ceiling which leads to greater debt financing costs, and the loop continues. An Australian survey showed that 28% respondents identified poor economic management by the government as the leading cause for a budget deficit (Essential Vision 2012). Hence, the importance of efficient and effective budgeting has risen over the past several decades.