One of the fundamental principles for us all – whether a Government, a business, a family, or an individual – is that we need to have more money coming in than is going out. It is vital to have controls in place to know how much income has come in and also to know what is being spent. The author Charles Dickens’ communicated this very clearly when he had one of his characters explain that happiness is having at least one more penny coming in as income than is being spent, and that misery starts as soon as that extra penny appears on the other side of the ledger.
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