This is a paraphrasing task. In this task, you're given a sentence and your task is to generate another sentence which express same meaning as the input using different words.

Example input: Giraffes like Acacia leaves and hay, and they can consume 75 pounds of food a day.
Example output: A giraffe can eat up to 75 pounds of Acacia leaves and hay daily.
Example explanation: Input and output sentence have same meaning in different words.
Q: the situation will have to be monitored closely and further corrective action would have to be taken early on if deviations from budgetary plans were to materialise .
A:
the situation will need to be closely monitored , and further corrective action should be taken urgently in the case of derogations from the budgetary plans .