Basically, forecast budgeting helps to deal with future scenarios by near accurate predictions as far as possible and framing policies keeping in mind these predictions. 1. Multiyear budgeting ensures discipline and control over the expenses incurred by a Government and also helps to analyze if everything is moving as per the laid out plan. Multiyear budget also helps to focus in certain areas that either requires improvements/ modifications or a plan/ strategy is required to be implemented. It also helps to have clear views of the affairs and allows a better level of scrutiny and monitoring by the officials.