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Glossary

Glossary

We have provided explanations of some commonly used DMU terms. Please click on a letter below.

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B Terms

1. Benchmark Issues
Issues of securities that are sufficiently large and actively traded such that their prices serve as reference for other issues of similar maturities.

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2. Budgeting, Performance
Performance budgeting relates input factors such as expenditures for man-hours and materials to measured outputs. These output measures and their relationship to inputs may take various forms. By compiling such measures, then comparing them with those of similar activities and studying their movements over time, the efficiency and the effectiveness of activities can be assessed.

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3. Budgeting, Programme
Programme budgeting focuses on the prioritisation and productivity of expenditure. The allocations for expenditure are cast in terms of programmes, activities and projects and presents a breakdown of the financial allocation according to specific purposes and objectives.

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