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government budget, forecast by a government of its expenditures and revenues for a specific period of time. 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.
Meaning of Government Budget. The government budget is an annual fiscal statement depicting the revenues and expenditures 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.
A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year.
Feb 6, 2024 · Government budgeting is a fundamental aspect of public administration and governance, serving as a critical tool for economic management, policy implementation, and social development. It reflects the government’s priorities, commitments, and plans for the nation’s future.
Jan 18, 2024 · 1. Government Budget: A government budget is an annual financial statement showing itemwise estimates of expected revenue and anticipated expenditure during a fiscal year. 2. Balanced Budget: If the government revenue is just equal to the government expenditure made by the general government, then it is known as balanced budget. 3.
4 days ago · Government budget refers to an annual financial statement that denotes its anticipated expenditure and expected revenue generation in a fiscal year. It is presented by the government in Lok Sabha at the beginning of every fiscal year, to give an estimate of its expenditure and receipts for the upcoming year.
Feb 3, 2020 · Thus, the budget can be defined as the most comprehensive report of the government’s finances in which revenues from all the sources and outlays for all activities are consolidated. In simple terms, the budget is an annual financial statement of the revenue and expenditure of a government.
