Is the Budgeting Exercise of any Use?

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.

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.

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.

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.

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.

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!

Hi,

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.

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.

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.

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.