Democracy being inclusive postulates that all the members of the society shall participate in the governance and such participation relates to economy as well. The federal system of governance is aimed at better administration and management of the society and it can best work with decentralized powers because then only the federation can become democratic indeed. Economy administration forms an essential and important part of the social life and being so, it needs the participation and consideration of those who form the social life. Budget affects the national life in myriad ways as it penetrates the social fabric down to even the least highest person in the society.
Budget is proposal about how the national resources are to be allocated during the given year and this allocation affects the members of the society because these are the resources which are in the ultimate analysis owned by them. No matter who has been elected by people and given the power of representing their interests, the ultimate decision must be of the population only. They are the best judges of their interests which depend on such allocation.
Democracy in its essence will transcend to the lowest level of the socio-political set-up only when the capacity to influence and direct the governance will be restored to the people. The objective of the leaders ought not be elevating the lives of members of the society rather their aim must be to capacitate the members to be able to take best care of their interests.
Capacity building in the masses so as to enable them for self-governance involves bringing to them the awareness about their interests and the measures to secure them.
Society is an evolving entity and its direction cannot be determined by few individuals who have been given power to represent the interests. Interests are not static and straight jacket measures can never serve the purpose. The ultimate end of socio-political set-up is and ought to be self-regulation.
Budget is proposal about how the national resources are to be allocated during the given year and this allocation affects the members of the society because these are the resources which are in the ultimate analysis owned by them. No matter who has been elected by people and given the power of representing their interests, the ultimate decision must be of the population only. They are the best judges of their interests which depend on such allocation.
Democracy in its essence will transcend to the lowest level of the socio-political set-up only when the capacity to influence and direct the governance will be restored to the people. The objective of the leaders ought not be elevating the lives of members of the society rather their aim must be to capacitate the members to be able to take best care of their interests.
Capacity building in the masses so as to enable them for self-governance involves bringing to them the awareness about their interests and the measures to secure them.
Society is an evolving entity and its direction cannot be determined by few individuals who have been given power to represent the interests. Interests are not static and straight jacket measures can never serve the purpose. The ultimate end of socio-political set-up is and ought to be self-regulation.
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