budget

Budget : Type’s, Significance & Impact’s

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Budget : Types, Significance & Impacts 1. Types of Budgets Budgets are categorized based on various factors like the nature of expenses, approach to preparation, and the economic situation. Below are the main types of budgets used by governments, organizations, and individuals : A. Based on Nature of Expenditures B. Based on Economic Situation C. … Read more

Budget : Meaning, Elements & Objectives

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Budget: Meaning, Elements, & Objectives Meaning of Budget A budget is a financial plan that outlines the anticipated revenues and expenditures for a specific period, usually one year. It serves as a guide for managing resources effectively, ensuring that spending aligns with the organization or government’s goals. In the public sector, a government budget reflects … Read more