Is the Budgeting Exercise of any Use?

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.

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.

Hello.

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.

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.

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.

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.

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.

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.

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.

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.