0
the purpose of having a national budget is to provide a forecast of revenues and expenditures for the country. That is, construct a model of how the country might perform financially if certain strategies, events and plans are carried out. It enables the actual financial operation of the country to be measured againnst the forecast. It is also important to establish the cost constraint for a project, program or operation. :)
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What does the word budgeting mean?
Budgeting means making a financial plan about how much money to spend on specific items. You might say for example, I am budgeting a thousand dollars for snacks.
What are the advantages and disadvantages of incremental budgeting?
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
Where can one learn how to use zero based budgeting?
Zero based budgeting is a really good approach to planning and making decision which is the opposite of traditional budgeting. The term "zero-based budgeting" is sometimes used in personal finance to describe "zero-sum budgeting", the practice of budgeting every dollar of income received, andthen adjusting some part of the budget downward for every other part that needs to be adjusted upward.
What is the importance of national income figures?
National income figures helps governmental institutions understand the state of the economy. If the national average for income has increased, then businesses are growing.
What is the difference between activity based budgeting and traditional budgeting?
The activity based budgeting will give a percentage of the budget to the sections that are the most used. Traditional just splits it all up evenly.
What is the implication of political budgeting to national budgeting?
Political budgeting can lead to budget decisions that may prioritize short-term gains over long-term fiscal stability. This can result in populist measures that may not be sustainable in the long run, leading to deficits and debt accumulation. It can also make it challenging to allocate resources efficiently and effectively based on the needs of the country rather than political considerations.
What is the importance of capital budgeting?
the various types of working capital
What are some benefits of budgeting?
By budgeting, you can have a semblance between your income and projected expenditure during a specified period.This is of paramount importance than sailing a rudderless boat in the sea.
Explain the importance of national income?
importance of national income.
What is the importance office work?
activity directed toward making or doing something and about budgeting in the company where you work.
What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
Importance of national integration?
for unity
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
Why Why national safety day is celebrated and what is their importance?
national day celebration and its significance
Why national safety day is celebrated and what is their importance?
national day celebration and its significance
Importance of first national bank?
k
What is rational budgeting?
budgeting that's rational
