Is the Budgeting Exercise of any Use?

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.

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.

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.

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.

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!

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.

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.

BUDGET IS NOTHING "IT IS ROUGH ESTIMATION OF OUR MONETARY POLICY''.

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.

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.

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.

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?