budgetary oversight

Budgetary oversight refers to the processes and practices used to monitor and manage an organization’s financial resources. It ensures that funds are allocated and spent according to established plans and regulations, helping prevent misuse or waste of money. Oversight typically involves reviewing budgets, tracking expenditures, and ensuring compliance with laws and policies. Effective budgetary oversight allows organizations—like governments, businesses, or nonprofits—to maintain financial health, make informed decisions, and achieve their goals while being accountable to stakeholders. This process helps promote transparency and trust in the organization's financial management.