Is the Budgeting Exercise of any Use?
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Discussion:
60 comments Page 4 of 6.
Yogesh said:
1 decade ago
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.
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.
(43)
Anshita Shandilya said:
1 decade ago
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.
(17)
Venkatesh said:
1 decade ago
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.
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.
(34)
Greeshma said:
1 decade ago
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 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.
(21)
Nagendra babu said:
9 years ago
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.
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.
(6)
Subhrangsu bhowmik said:
1 decade ago
We need budget,more precisely proper budget,.....it 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).
(12)
Sathya said:
1 decade ago
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.
(29)
Ankush Sood said:
1 decade ago
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.
(19)
Nitish said:
1 decade ago
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.
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.
(18)
Rohan said:
1 decade ago
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.
(17)
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