Budgeting During Tight Economic Environment

During tight economic environment, it is best to focus on how well we can tap on our human capital development. Since money is tight, it is difficult to expand on physical infrastructure. But certainly we can think of increasing productivity, capapability and efficiency of our human resources. Due to the current economic downturn, our university has asked all responsibility centres to re-calculate their budget for the 10th Malaysia Plan which will commence in 2010. A two-day budget workshop which started today had asked all deans and campus director to be prudent and reasonable in their budget request....