Is the Budgeting Exercise of any Use?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.