Need for Budget:.
Usually, monthly budget proposals are made by individuals.The word ‘budget’ is derived from the French word ‘bougett’ or ‘buje’which means a “small leather bag”that contains financial proposals. Government develops national annual budget. Modern business makes annual financial proposals. State Governments also make annual budgets.
India’s national budget contains estimates of government expenditure and revenue of the Union Government for the coming financial year that starts from 1 April.into facilitate annual decision-making on expenditures, government prepares a budget. Usually, the Union budget is presented by the Finance Minister of India in the Parliament on the last day of February.
Usually, monthly budget proposals are made by individuals.The word ‘budget’ is derived from the French word ‘bougett’ or ‘buje’which means a “small leather bag”that contains financial proposals. Government develops national annual budget. Modern business makes annual financial proposals. State Governments also make annual budgets.
India’s national budget contains estimates of government expenditure and revenue of the Union Government for the coming financial year that starts from 1 April.into facilitate annual decision-making on expenditures, government prepares a budget. Usually, the Union budget is presented by the Finance Minister of India in the Parliament on the last day of February.
