Budget Meaning In Government. The word budget is derived from the Old French bougette little bag. It entails how the government will raise its funds and where and how the funds will be used.
In national finance the period covered by a budget is usually a year known as a financial or fiscal year which may or may not correspond with the calendar year. The government budget is an annual fiscal statement depicting the revenues and spending for a financial year that is often moved by the legislature sanctioned by the chief executive or president and given by the Finance Minister to the country. Meaning A government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year Just as your household budget is all about what you earn and spend similarly the government budget is a statement of its income and expenditure.
Meaning A government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year Just as your household budget is all about what you earn and spend similarly the government budget is a statement of its income and expenditure.
Just as your household budget is all about what you earn and spend in the same way the government budget is a statement of its income and expenditure. Apr 22 2020 The government budget is an annual financial statement that is prepared to account for the revenue and expenditure of a government for the upcoming fiscal year. The government budget is an annual fiscal statement depicting the revenues and spending for a financial year that is often moved by the legislature sanctioned by the chief executive or president and given by the Finance Minister to the country. What Is Budget Deficit.
