Why must there be Revenue and Expenditure Codes as outlined in the Treasury Circular No. 5 Of 2004?


  Treasury Instruction 41 specifies that the generation of revenues and expenses classification codes are not possible except with the approval of Treasury. The objectives of this classification are as follows:

  (i) To facilitate the process of recording and to generate periodic reports;
  (ii) To enable detailed information collected for the purpose of revenue and expenditure analysis;
  (iii) To meet the needs of the accounting system implemented by the Accountant General; and
  (iv) To meet the requirements of the Statistics Department in the preparation of a more complete National Accounts.