Budgetary oversight refers to the process of monitoring and managing an organization's financial resources to ensure they are used effectively and in accordance with established guidelines. This oversight helps prevent overspending and ensures that funds are allocated to priority areas, such as public services or infrastructure projects. Effective budgetary oversight typically involves various stakeholders, including government agencies, financial auditors, and management teams. These groups work together to review budgets, track expenditures, and assess financial performance, ensuring transparency and accountability in the use of funds.