Is the Budgeting Exercise of any Use?

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Neha said: (Feb 15, 2020)  
According to me, the budget is very important in any field to achieve the best in life. Without exercising the budget we can not get a good estimation of our income and expenditure. For investing anywhere, we have to sufficient amount to invest and some of our basic necessities.

For the nation, it is also very important because the implementation of the budget achieves good GDP and economic growth. For a better future, reputed nation, we have to focus on the budget plans.


IF we maintain the budget we can fulfill all dreams, whatever we want to. We will have to save money for future needs. So, the overall exercise of budgeting is the key to the success of any nation.

Thank you.

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Payal said: (Aug 23, 2018)  
Not only government, companies also prepare a budget. It is also used as a tool for controlling costs.

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Payal said: (Aug 23, 2018)  
Yes. Budget, though doesn't gives the true picture of government's income and expenditure, gives rough figure of incomes and expenditures that government is going to have in coming fiscal year. It shows that which sector in the economy will be getting more importance by allocating more funds for the development of that sector. It basically shows break up of incomes and expenditures. This also helps people of the country in knowing that how is its government's going to develop different sectors and can assess how will it affect the economy.

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Diya said: (Feb 20, 2018)  

Budget is very important for any country. And just now on 1st February our finance minister announced our budget. There is many importance of budget. This data shows the real position of India in the World.

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Neeraj said: (Aug 29, 2017)  
Hi Guys,

Having difficult life a proper budget planning gives us a proper way to accomplish our tasks. We all know very well that how many and which types of problems we have to face while completing our goals so at that time a proper planning of budget always be useful to show a better way to do the task. We can not say that we should keep focus only on parliament budget system because our life also runs well with the help of our personal proper budget system in which we use our handsome experience to complete our work on time. Budget is nothing but a pocket of all the people to do something in their life.

Parliament's both houses (House of the people and council of states) every year pass the bill for our nation's growth and they spend money as per requirements of the areas of growth so that our developing country can grow up as soon as possible among the other countries. There are various government areas which are being run well and all the employees having proper management get their salary on time these all proper activities are taking place because of good budget system with us. So there is no doubt in a budget system in our country that it is extremely important.

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Anamika said: (Jun 24, 2017)  
Yes, of course, the budget is required for any project to be carried on smoothly. Let's not talk only about government. In our household as well. We need to allocate a certain amount from our salary for meeting various expenditure for carrying out our lives smoothly. Similarly in the government, when new schemes are being launched an estimated budget is allocated for its proper implementation. Not only the schemes, different sectors in our country required funds for carrying out development and expansion processes. Without a budget, country`s development will be hampered. However, the mere allocation isn't the only way to economic development. It's proper and optimum utilisation matters. Thank you.

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Naresh Kuruba said: (May 9, 2017)  
Budget is very important for any nation. For estimate GDP and clear the financial problems of some sectors.

In yearly budget amount infused every sector and this amount should be utilised perfectly. Not any frads.

Main use of budget to undeveloped sector many amount allocate and encourage these sectors for debeloping.

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Nagendra Babu said: (Mar 1, 2017)  
Hai guys, this is Nagendra. Here I would like to share my feelings about this topic.

Budgeting is required for anything from our pocket money onwards. Even in our family expenditures also based on budgeting planning.

Although the budget is being revised every year and targets are set the government along with its people do not go as per the budget. There are some or the other diversions taking place which finally reflects on the country's economy and the growth rate.

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Deepika Singhal said: (Aug 25, 2016)  
Hi friends, I am Deepika and I would like to share my views on this topic.

I think budgeting is important in every sector of our life. Like in a family, people plan according to their future that means they plan their expenditure, saving according to their earnings for their future use. They want to prepare themselves for any situation that may occur in the future.

Likewise budgeting on a national level is also useful as if it is planned properly and implemented keeping in mind about each and every section of the society then it could be very helpful for the development of those are not able to perform just because of low resources. So what is the requirement of the time is to properly manage the resources so that people can benefit from that.

Like if village people are not able to afford their child's education in their income then if the budget is in the right direction then we can help the child by giving the help from that budget.

Thank you.

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Mahesh Syal said: (Jul 8, 2016)  
Hi Good Evening,

We always need Budget Our life day to day activities as well as long terms plannings. It plays important roles in this in Here is some importance of Budget in any Company or Individual.

As in Routine life.

1) We always By some luxury items as per our incomes sources. If we save something form for income then we use it in other items, but will Saving comes from Budget Planning.

2) Budget is played important role to enjoying Holidays because we decided to where to go and stay as per our limit (Budget).

3) Marriage, we plan it as per our Budget.


Roll in Company/Govt. Sector.

1) Company decides the Payroll as per their budget,

2) and set their limit for Expenses, to achieve the Budgeted Target.

In shot same as in Govt Sect. Income and Expenditure Budget play major role to control the Departments,

Budgets are prepared on the Basis on Past Actual (Experience) and make new Target achieve them.

Although, Actual Expenses are not equal to Budget, there is always deviation between Actual and Budget, But it important to control extraordinary expenses.


Mahesh Syal.

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Rahul said: (Jun 30, 2016)  
Everything has its pros and cons related to it. Now, what are actually pros for budgeted exercises. Firstly what exactly budgeting mean it is a plan to execute different aspect in a country. Now if the proper plan has been executed then budgeting may help in different aspects like education and job opportunities as well. For example in education student who are unable to pay their fees if the budget has been properly incorporated then the government could use that budget to provide education to all those students who deserves to get an education at that stage.

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Nirmal said: (Apr 2, 2016)  
As we all know our country has the fastest growing economy among all the developing countries. Budget plays a crucial role in the development of any country. It's like a proper planning of family between its expenditures and earnings where some are saved for the future. Through the budget every individual is aware of country's revenues and expenses as the distribution of collected funds is known to everyone. This helps the government to gain the trust of people and mitigate corruption. That's why we have a new budget every year.

Thank you.

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Divya said: (Feb 8, 2016)  
Budget serves a great purpose in our economy. Our economy is a developing economy. So for India it is beneficial to make budget. Budget maintain our expenditure and our receipts. Budget is not only a set of statement showing expected receipts and expenditures of the government.

But it is a reflexion of government policies and a set of objectives that the govt seek to achieve over time. Objectives like redistribution of income and wealth reallocation in resource economic stability and managing public enterprises. Budget shows the achievement of the government within one year and new policy of the govt for next financial year. So definitely it is useful.

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CHITRESH APTE said: (Feb 5, 2016)  
I think the democracy is making the country hollow from inside the rights given to ministers and also the citizens are misused. Any body can say anything and after giving it a name of my views do not interfere or right to speech I think this is not correct it's time that we should think about it more deeper.

What is the need of students in a university to indulge in protests or in politics. This is misuse of democratic rights. People can do anything now, we should delete the word self discipline because it is not present in Indians after learning many lessons.

In a democracy the real motto of politics is like divide and rule policy. So really we are not modernizing we are going into the history. The time has come to follow any laws (some) of china, which is communist country, but still progressing with great speed and the people there are not living with fear of the government And they (ministers people in china) are given rights and freedom that much is required and which they deserve not like democracy free to do anything anything means anything no limits.

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Khusboo said: (Mar 17, 2015)  
Yes budget is important, preparing the budget helps in a strategic and wise use of money. Budget is useful to everyone whether its government or a family person. Planning ones future expenses always being a wise thought. The government execute budget plans which helps in the development of our country. Without proper planning of budget a nation cannot progress.

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Priya said: (Jan 31, 2015)  
Budget is where you are in the present trying to sort of the faults that occurred in the past and considering of weighing out your options for the future. The budget is normally prepared to list down your sources of income and accordingly allocating these funds for expenses and saving the rest for a rainy day.

Now without a proper plan for how to spend your funds you tend to overspend leading to a deficit. This deficit may be a negligible amount at the individual's level, but at the national level the amount is so big that the government cannot afford to misappropriate the funds. Also the government is accountable to the people who are the major contributors to its revenue.

Thus a budget is definitely necessary but how much of it is necessary should be the actual question!

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Maduri said: (Aug 8, 2014)  

In my opinion budget exercising is necessary. Because through the budget only we can get to know about how the government is utilizing its financial resources. The common man can get to know about many important facts about the spending of money by government through budget like in terms of education, agriculture, industries, transport, welfare etc like this. It makes the people aware about the spending of money to one's needs. It cautions to spend money carefully based on one's needs. Therefore budget exercising is necessary for the growth of economy and also to reduce unnecessary expenses.

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Gurmeet said: (Jun 6, 2014)  
Budget is a statement of estimated receipts and expenditure. For a family, a company, an organisation and the country-budgeting is necessary. Budgeting is essential in a family to plan how the income will be spent and allocate money for health, education and other expenses besides saving money.

Budgeting is very important for the government It provides an insight of the receipts (estimated) and expenditure (estimated). It shows how the govt will spend the tax and non tax receipts it receives from citizens. Budgeting helps to allocate money for different sectors of economy and calculate budgetary surplus/deficit. Accordingly suitable policies can be adopted by government Budgeting is very important in part of planning and forecasting and is necessary for every citizen to be aware of Union budget and what to expect from the govt expenditure and how the taxes are utilised.

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Tappu said: (Jun 2, 2014)  
Budgeting is very very imp in our country. As we need plan to run our family, business, organisation. In the same way we need budget to run our country and specially for a developing country like India it is very very important. Well as our country is a developing country we need to develop in many fields. Now depending upon the priorities our govt make plan for long time like five year budget, and short time plans like yearly budget, monthly budget.

But if there is any negative about the budgets then I want to claim that our govt should arrange proper monitoring system so that the plans are executed properly and corruption cannot come in.

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Ankush Sood said: (Feb 7, 2014)  
Yes I think budget is very important in every sphere whether in a family, in a organisation or in a country. Actually we need strategy and plans before doing a task and budget in the same way is just a plan or a strategy that how, why and how much we are going to spend in a year. Budget is made by taking account of all classes of people in the country. Also it tells us that how our government is utilizing the money in different sectors.

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Vikas said: (Dec 23, 2013)  
Hello friends,

In my childhood in every year I were listening about budget. AT that I was pretty small to get these things. Yet today I am in think how budget effects there may have following reasons:

1) As everyone knows to purchase or buy anything we require money. In the same sense for providing facilities to citizens such as transportation, education, security etc. Country needs money. This money comes from the pockets of citizens in the form of taxes.

2) For proper allocation of money taken from citizens the budget is developed. In the budget requirement of people in the country is studied as well as development is considered and the fund is allocated.

3) If the proper balance of the money in various sectors for equal growth of various sectors.

When there is no use of budget.

1) When the country has no power to control over imports such as electronics good, oil prices. I don't know why Indian gov considers these uncontrollable things in our budget because of these things budget fails.

Thank you.

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Himanshu said: (Sep 20, 2013)  
Budgeting is really important and is of great use at any social or individual level. In any economy, the government receives huge funds through different taxes, duties, customer, etc. And, to ensure that these funds are invested correctly and proportionally as per the requirement, having a budget becomes imperative. It is exactly, like, in a household, where one plans how to spend one's income and how much to save for future. It helps in overcoming a financial problem strategically. And, for a country, it ensures that sectors which need special financing are given due importance. Some might say that budgeting takes a lot of time which makes the process lengthy and time consuming. However, it is necessary that we ensure that funds are utilized most efficiently because while making a budget for a nation a lot of facts and figures needs to be taken into consideration.

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Greeshma said: (Aug 29, 2013)  

In my point of view we need perfect budgeting system in our country. Because we are developing country. WE have less money comparing to others for the development. So maximum utilization of money is needed here. For that we can allocate the money in three groups.

1. For the most urgent areas.

2. Urgent areas.

3. Less urgent areas.

Based on this the budget is maintained in an efficient and effective way we can come up. We wants control the malpractices first.

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Rohan said: (Aug 4, 2013)  
In my opinion I would say that as well as we all know that if we don't have a budget in country the country can go from many problems like poverty, inflation, corruption, etc. And the budget is mainly important for common man because if the common man does not plan his budget. He can cause many problems in his life. So I would end my conversation my saying that budget is most imp for our future need.

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Anshita Shandilya said: (Jul 27, 2013)  
A budget exercise is common corporate shorthand for an urgent expense-cutting effort, usually spurred by under-budget revenues and profits or seriously over-budget expenses. Budget exercises are common in large, publicly-traded companies, which are concerned about the impact of short-term reported earnings on the perceptions of securities analysts and investors, and thus on their stock prices. They are less common in small privately-held companies, nonprofits and government agencies.

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Anshita Shandilya said: (Jul 27, 2013)  
Budgeting is very much necessary as it is a quantified financial plan for a forthcoming accounting period.

A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.

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Poonam said: (Apr 27, 2013)  
Hi Friends, According to me budgeting is really very important for common people and government. Government make the budget by taking views and statement from different department. Budget is generally make for common man. How can they spend their income throughout year. If common man not do any proper planning for their spending money maybe they can cause serious problem for them.

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Subahan said: (Apr 18, 2013)  
Hello friends.

According to my opinion budgeting exercise is most important for common people as well as government. Middle class and below the middle class people must have the budget that is expenditure for month or year depending upon their income for the month or year if they did budget exercise well they will lead their life without any hurdles but if they do not plan well everything is a big hurdle for them so it is important for people. But for government it is more important to lead the country or state without any problems why?

Because if the government allocate some amount of budget for one period of time it must fulfill the required needs for that period of time, other wise government have to face more problems from they respected peoples of that country. So budgeting exercise is most important for people and government, if they plan very good budget they will enjoy that much, but if they did wrong budget they have to suffer.

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Yogesh said: (Apr 1, 2013)  
Budget means annual financial estimates of all revenue and expenses which is to be estimated with in a year.

Budgeting exercise according to me is of great use because it allows a common man to use money accordingly. It makes government to maintain is financial resources in a way so that utilization can be done properly. Budget also helps to estimate GDP gross domestic product of the country. It makes a country more corruption free as the amount of money invested is shown in the budget.

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Venkatesh said: (Mar 13, 2013)  
It is very important function in India so as to make many developmental thing in the near days. For example: if proper budget planning is not there in a family then one day or the other family will lead to financial crisis. The same will happen in the country.

There will be various problems arising if budget is not planned.

1. Several scams.
2. Wastage of money and time.
3. Less infrastructural development.
4. Low consumption of several resources available to use.
5. And many more.

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Chetnagoyal said: (Mar 9, 2013)  
Yes, I'm totally agree that budgeting is very necessary. It should be make with proper planning and with great care. If reflect financial power of country and also helps people so that they can properly invest money in each and every field.

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Yamini said: (Mar 7, 2013)  
As we know India is still developing country, the main reason behind this is corruption.

So to stop the corruption budgeting is very necessary or we can say budgeting is very important it may help the people to know what the government is doing for them or what government Is deciding for there future.

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Lokesh said: (Mar 4, 2013)  
Hello Friends,

I believe that making a budget is very important. It is same as a family plans it for there future. Government should plan it in such a way so that it could have overall equal effect on all categories of people or society. Government should also ensure that corruption free rules and regulations should also be implemented.

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Akash Singh said: (Dec 3, 2012)  
Budgeting is really very necessary because it helps the government to make a plan of how much it expenses in each sector and also of what the financial potential of a country is. It also makes the common people aware of steps taken by the government towards the economic growth of the country. Also they come to know about the extent to which the government is considering their basic needs.

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Nitish said: (Nov 9, 2012)  
According to my point of view budget exercise is very much necessary so that people know that what his govt had planned for him for the whole year. And also its reflects the financial strength and weakness of the country.

So I want to conclude that it is really imp and is of great use at any level. And also wants to say to don't make the budget annually. If it is made biannually so it will be very much beneficial for us.

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Kapil said: (Nov 2, 2012)  
Budget is very important for a country. It comprises an outline on financial prospect of a country. It provides an assistant to government and helps in deciding the allocation of resources and need of different sectors.

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Sathya said: (Jun 21, 2012)  
In my point budgeting exercise useful to raise GDP of our country, Budget is prepared to future growth and reduce the expenses. So the overall budget decided growth of India. But the fund has not properly utilized in Indian country, all benefits are not properly reached by people, so there is no growth in our country. Corruption is main reason, the government and people has to follow the rules and regulation strictly then only we can avoid the corruption.

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Vijay Jaiswal said: (May 11, 2012)  
Here budget is not merely concerned with only union budget. Simply budget means the planning about the distribution, utilization of the resource. Like on the household level, if there is a limited resource of money and lots of spending need, in that case if we don't plan the the allocation of resource, the it will be difficult to manage the spending and saving.

In the same way, if union budget is not exercised properly, then country can be affected by economic crisis. Budgeting is done on the basis of need and requirement of the individual sector to achieve the target gdp of the country, and the proper development and fulfillment of the human resource. So the vast and democratic country like India, a proper planning of the public money is needed through its proper budgeting.

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Deepak Barnwal said: (Apr 28, 2012)  
Budgeting is really important and is of great use at any social or individual level. In any economy, the government receives huge funds through different taxes, duties, customer, etc. And, to ensure that these funds are invested correctly and proportionally as per the requirement, having a budget becomes imperative. It is exactly, like, in a household, where one plans how to spend one's income and how much to save for future. It helps in overcoming a financial problem strategically. And, for a country, it ensures that sectors which need special financing are given due importance. Some might say that budgeting takes a lot of time which makes the process lengthy and time consuming.

However, it is necessary that we ensure that funds are utilized most efficiently because while making a budget for a nation a lot of facts and figures needs to be taken into consideration. For example, which sector needs urgent and immediate finance. There might be sectors which received extra funds last time that are yet to be used. Hence, such sectors would need less funds this time. Budget also helps government to properly distribute the funds in an economy. So that, the gap between the rich and the poor in a country can be bridged.

Budget also affects the market decisions. It also brings confidence to the investors to invest their money into an economy. It acts as an indicator of economic status of not only a sector or industry, but also the economy as a whole. It also helps in attracting foreign investors to invest in an economy.

So at the end, I would like to conclude that making a budget at any level is a wise decision and must be continued. Without budget, the funds may go wasted and not utilized properly.

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Rose said: (Apr 17, 2012)  
Budget is very most important things, why means it's very helpful for future plans for our and our country. Our country is developing country So, each and very citizens please don't spend money for expensive. We are know important about money please save money.

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Brindha said: (Apr 17, 2012)  
Budget is one of the most important thing to improve a country's economic growth. People have to accept and co-operate with a government for this budget slot. Because budget is not a easy thing to create for a whole country. So every citizen have to consider the government rules and regulations and the government must help to avoid the corruptions then poverty.

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Subhrangsu Bhowmik said: (Feb 15, 2012)  
We need budget,more precisely proper budget, is seen often after 2 or 3 months of publishing budget the prices of commodities get increased very fast. And not bounded by any assumptions of the budget....then the main purpose of the budget gets lost.So a practical budget should be made,and there should be a provision to deal with these problems. They must have to think about the bank rates,infatuations,tax-amount,weather report(not natural disasters).

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Swagat said: (Feb 9, 2012)  
In a vast & democratic country like India for proper usage of public money we must have proper planning. But preparation of this layout model of budgeting takes so much time & more than that time is wasted in implementing that plan. In this way around 8 months of a year is completed. Proper benefit of budget people gets for 3 to 4 months. In this sort span of time no real benefit of budget people get.

So I suggest that instead of annual budget our country should opt for biannual budget like some other countries so that required time will be there to implement the plan.

Proper vigilant system must be implemented to put a close eye on the system to check whether plans are getting implemented or not.

Most importantly our bureaucrats & politicians should stop encouraging corruption so that public money could be utilized for the public welfare.

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Akash Hp said: (Feb 8, 2012)  
Budget comprises proper planning of the government and detailed report of from where revenue will be generated and where it will be spent. Thus government if prepares a sound budget then it clearly outlines the growth and future development and the rate of development. It also enables the individual business entity to frame it's policies and taking into consideration the taxation structure and other new rules. It also allocates enough space to decide where the money should be spent and how much. Thus it is important to go for budget.

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Shashank said: (Feb 3, 2012)  
Hi guys..

When we are talking of budgeting exercise we are not only talking about government and union budget. Budgeting exercise here means that calcultaion of all expenses in the particular stream. Now the question is it important to exercise the budget? There are many points in favour as well as against it.

Points supporting the budget exercising
1> A clear database of all the expenses as well as saving is made.
2> The expenses happen in a planned way, that avoids from sudden shocks.
3> Neat Budgeting habits like proper insurance, stopping irreglarities are developed.

Points against the budget exercising
1> In most of the cases expenses for maintaining the budget exercise is more than the saving it fecthed.
2> Valuable time is wasted in maintaing such database which does not fetches anything.

Even though we have some points opposing the budget exrcising, but the weight of supporting points are much more than them. So its better to exrcise budget.

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Parth said: (Jan 23, 2012)  
Budgeting is of utmost importance to a common citizen as future planning of a common man depends on the budget. For example, if the automobile sector will see a rise in price, the common man might change or defer his decision on buying a new vehicle. Moreover, the Union budget is much awaited as it gives an overview of where the economy of India is heading. The budget is also an indicative of the prices prevailing in goods, commodities and services in India. Many people in India still make big financial decisions only after the Union budget.

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Mohan Rao said: (Dec 18, 2011)  
Most of the people associated the word budget with the Union Budget. The budgeting starts at individual level. As every mother or leader of the family allocates a specific percentage or amount of resources to different needs based on the requirements of the family members taking into account the uncertainties and price rises and change in preferences is one of the apt epitomes of budgeting.

Budgeting is a very useful exercise. It is an exercise where a person puts the economic problem into action. Problem of choice, scarcity of resources, hierarchy of wants, multiple uses of resources, problem of abundance, allocation of funds and optimum utilization of resources.

If a person doesn't earn or pay directly he may not understand the value of resources but as a person continually prepares budgets the price factor also fits into the linear programming problem of maximizing satisfaction by maximizing quality consumption which is subject to sacrifice of scarce resources.

Budgeting exercise also develops the art of bifurcating between fixed and variable natured expenditures, revenues and allocations. Budgeting exercise improves quality consciousness, maximizes the standard of living and even matures the financial understanding of individuals.

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Alpa Niphadkar said: (Nov 20, 2011)  
Budget gives transparency in governments spending. Its gives targets which the government need to fulfill. It gives the common man the right to question why the budgets were not met. Government is fully accountable for the budget figures it announces.

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Ashok said: (Sep 24, 2011)  
Budget should focus on fullfilling the needs of poor people and it should be inexpensive and alloted correctly for required fields.

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Souvik Mishra said: (Sep 12, 2011)  
Budget exercising is necessary especially in a democracy like India. This is the way trough which people know how the govt is is utilizing its financial resources. It shows the growth and progress in GDP as well as economy. It also reflects on the financial strengths and weaknesses of the country and how to overcome it. What policies are framed so that it will help in developing new enterprises , what are foreign investments, about various taxation schemes etc. The most important thing is for common man budget is about various issues like price rise, tax rise, various subsidies and financial welfare.
So budget is something which makes a common man financially aware and sound and how can one improvise it.

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Krishna said: (Jul 16, 2011)  
Yes budget is most important for example one family man he is working in sugar factory he middle level so he should plan the each and every family expenture and inditual expendure and future expendure then only aviod some problem. Yo must plan for every work then only achieve your goal and live happiness.

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Jitendra Parmar said: (Jun 19, 2011)  
According to my view is that budget is very important and necessary for improving economy and development. As per my knowledge budget is prepared for spend the money for maintaining and development also. Budget is distributed according to economy and development for each and every sector. Budget is maintaining the financial resources and economy also.

You know that India is developing country so that's why budgeting is very important for country future development. Budgeting means budget is distributed to each sector per year.

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Anurag said: (May 12, 2011)  
Actually yearly budget is a tool to track down what the government is doing with the loyal taxpayers hard earned money. With the budget being declared each year a huge amount our money end up in the overseas bank accounts of the politicians imagine the condition if there would be no budget.

Though the budget does not affects the common man to a great extent but it shows what is government planning to do with the public's money so it is very necessary.

And the other thing is that the budget is the most important task of the finance minister. What will he do if he doesn't has to plan the use of the government funds keep remembering his overseas bank account numbers?

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Vishal said: (May 9, 2011)  
I believe if we have check on our pockets and just keep a note of all our expenses it allows you to save a lot of money. This is just on individual basis. This proves the point that budget is imperative, cos if it is so useful at such a root level it has to be beneficial at the state and national level.

Budget makes the government understand its potential areas and also d areas which may not yield profits, so that accordingly we can take a control of expenditures on these.

Channelising the resources in the best possible way so that it causes a gain or if not a gain atleast minimum of the losses is the core idea behind the budgets. And for the developing countries like India, where population is increasing at an alarming rate and so also the food prices, it will b difficult to contain both of them without proper utilisation of resources. Hence Budget is MUST.

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Sayantani said: (May 6, 2011)  
Budget, though we take it as an yearly affair of which we hardly remember anything in the following months actually from a common people's perspective it's all about price change of daily life product but from the national point of view it creates future path. Budget doesn't only show the last year's data but also provide a chance to rectify the faults. Even in which regard the future policies should be planned is being decided based upon the past data.

In other words along with future planning it gives as the chance to self improvement.

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Navneet Kaur said: (Mar 23, 2011)  
According to my view preparing budget is important in every sector. Talking about the technology sector we see that we are one of the country which is growing and developing and to become globalised we need curreny help by planning our yearly budget we can make some helpful estimation for ourself and our country.

Planning on budget show us where we are needed and by how much we need and how can we fullfil them? whether on educatinal sector, social sector, railway sector etc.

Budget helpful for us and if our goverment prepairing any type of budget they should have deep thing on them they should think about the growth of the country not about themself, they should think about country not about there state as mamta banerjee used to do or any other politician do.

Budgeting should taken seriously according to my point of view.

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Radhakrishna, MITS, MBA said: (Mar 16, 2011)  
Budgeting means to allocate the funds premises to every sector at the year base. Its aim very good to maintain every sector, and gives priority to each sector according to growth and dependable people, but these days it maintenance is very critical because funds allocated percentage written only in books fail to implementation, its is bane for our growth.

Rate this: +14 -5

Sreelatha Mits said: (Mar 16, 2011)  
Budget is prepared for maintaining the financial resources for an year. It allocate less amount the fee reimbursement. It mainly concentrated on secondary sector. It is boon to improving the economic growth. Through this year budget employment is increased.

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Mithra said: (Jan 3, 2011)  
Budget is prepared to reduce the unnecessary expenses and aware of how much has to spent on every decision. If with the budget itself government is deviating and spending more and end up somewhere. Think what will happen if there is no proper budget ?!.

Rate this: +14 -7

Nirupa said: (Dec 30, 2010)  
Although the budget is being revised every year and targets are set the government along with its people do not go as per the budget. there are some or the other diversions taking place which finally reflects on the country's economy and the growth rate.

Rate this: +15 -7

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