Budget : It Is Very Important Part Of A Country With Out A Budget A Development Country There Is Various Kind Of Budget Such As Personal Budget, Family Budget, Business Start-Up Budget, Event Management Budget, Corporate Budget, Government Budget. Every Budget Important But A Government Budget Is Very Important.
Budget (From French Bougette, Purse) Generally Refers To A List Of All Planned Expenses And Revenues. A Budget Is An Important Concept In Microeconomics
The Budget Of A Government Is A Summary Or Plan Of The Intended Revenues And Expenditures Of That Government. In The United States, The Federal Budget Is Prepared By The Office Of Management And Budget, And Submitted To Congress For Consideration. Invariably, Congress Makes Many And Substantial Changes. Nearly All American States Are Required To Have Balanced Budgets, But The Federal Government Is Allowed To Run Deficits.
In The UK The Budget Is Prepared By The Chancellor Of The Exchequer, The Second Most Important Member Of The Government, And Must Be Passed By Parliament. Parliament Seldom Makes Changes To The Budget. Bangladesh. Government Budget Process. Revenue Budget. The Annual Budget Is Prepared By The Ministry Of Finance And Presented To Parliament For Approval ... Visit www.moedu.gov.bd/edu_budget.php To Know Every Thing About Bangladeshi Budget.
PERSONAL OR FAMILY BUDGET
In A Personal Or Family Budget All Sources Of Income (Inflows) Are Identified And Expenses (Outflows) Are Planned With The Intent Of Matching Outflows To Inflows (Making Ends Meet.) In Consumer Theory, The Equation Restricting An Individual Or Household To Spend No More Than Its Total Resources Is Often Called The Budget Constraint
Some Budget Is Compiled Annually Like A Government Budget .The Budget Of A Company Is Compiled Annually. A Finished Budget Usually Requires Considerable Effort And Can Be Seen As A Financial Plan For The New Financial Year. While Traditionally The Finance Department Compiles The Company's Budget, Modern Software Allows Hundreds Or Even Thousands Of People In The Various Departments (Operations, Human Resources, IT Etc) To Contribute Their Expected Revenues And Expenses To The Final Budget. If The Actual Numbers Delivered Through The Financial Year Turn Out To Be Close To The Budget, This Will Demonstrate That The Company Understands Their Business And Has Been Successfully Driving It In The Direction They Had Planned. On The Other Hand, If The Actuals Diverge Wildly From The Budget, This Sends Out An 'Out Of Control' Signal And The Share Price Could Suffer As A Result.
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