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Accounting and Non Accounting Case Analysis
Pages 8 (2008 words)
When the output increases, then the inflation(Baranzini & Cencini,1996) rate of a nation increases also. Therefore measures must be taken to lessen the inflation rate. When the inflation rate increases, employment rate decreases.
This can be done only if the information received by the decision makers like Chancellor Brown will not be poor, lacking or far from the actual figures. One very good strategy is the United Kingdom government to make most government transactions with its constituents and other nations TRANSPARENT. One very good government strategy is the United Kingdom’s efforts to sell some of its idle assets which are recommended by the different departments. The different departments of the government is given a free hand to determine whether to maintain, reduce or increase the next accounting period’s budget.The government must continue its budgeting process by prioritizing its expenditures to health, infrastructure and the educational system, among other priority projects. Each department of the United Kingdom Government must be thrifty in its purchases and payments. This means that all unnecessary wastes of office supplies, electricity, light and water, telephone and other expenses must be minimized to the level of “necessary” and not “regular” expenses. ...
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