Is the Budgeting Exercise of any Use?

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.

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).

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.

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.

Budget is prepared for maintaining the financial resources for an year. It allocate less amount the fee reimbursement. It mainly concentrated on secondary sector. It is boon to improving the economic growth. Through this year budget employment is increased.

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.

Yes. Budget, though doesn't gives the true picture of government's income and expenditure, gives rough figure of incomes and expenditures that government is going to have in coming fiscal year. It shows that which sector in the economy will be getting more importance by allocating more funds for the development of that sector. It basically shows break up of incomes and expenditures. This also helps people of the country in knowing that how is its government's going to develop different sectors and can assess how will it affect the economy.

Hi Good Evening,

We always need Budget Our life day to day activities as well as long terms plannings. It plays important roles in this in Here is some importance of Budget in any Company or Individual.

As in Routine life.

1) We always By some luxury items as per our incomes sources. If we save something form for income then we use it in other items, but will Saving comes from Budget Planning.

2) Budget is played important role to enjoying Holidays because we decided to where to go and stay as per our limit (Budget).

3) Marriage, we plan it as per our Budget.

Etc.

Roll in Company/Govt. Sector.

1) Company decides the Payroll as per their budget,

2) and set their limit for Expenses, to achieve the Budgeted Target.

In shot same as in Govt Sect. Income and Expenditure Budget play major role to control the Departments,

Budgets are prepared on the Basis on Past Actual (Experience) and make new Target achieve them.

Although, Actual Expenses are not equal to Budget, there is always deviation between Actual and Budget, But it important to control extraordinary expenses.

Thanks.

Mahesh Syal.

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.

Hi,

Budget is very important for any country. And just now on 1st February our finance minister announced our budget. There is many importance of budget. This data shows the real position of India in the World.