DEFINITION OF BUDGET AND USES OF BUDGET

DEFINITION OF BUDGET AND USES OF BUDGET

A budget may be defined as a financial statement of the total estimated revenue and the proposed expenditure of a government in a given period of time, usually a year.

f

BALANCED AND UNBALANCED BUDGET

            PERFORMANCE OBJECTIVES

Explain the concepts of budget surplus balanced budget and the component of national debt.

Explain the concept of and criteria for revenue allocation (including resource control) in Nigeria and associated problems

IMPORTANCE OR USES OF BUDGET

The budget of a country is used to achieve the following objectives:

1. Allocation of resources: Budget is usually use to allocate resources from one sector of the economy to another
2. To communicate government economic objectives and policies: Government usually uses budget as medium to communicate her economic objectives and policies to its people.
3. Appraisal of government performance: Budget is used by the citizens and international community to appraise the performance of the government.

1. To foster economic growth and development: Budget is used generally to foster economic growth and development of a country.
2. Budget is used to curb inflation and deflation: Budget is generally used by government to control inflation and deflation in the economy.

1. economic tools for nation building
2. budgeting
3. factors affecting the expansion of industries
4. mineral resources and the mining industries
5. demand and supply
6. types of demand curve and used
7. advertising industry
8. factors of production
9. entrepreneur
10. joint stock company
11. public enterprises
12. private enterprises
13. limited liability companies
14. migration
15. population
16. market concept
17. money market
18. shares
19. how companies raises funds for expansion
20.  

WEED AND THEIR BOTANICAL NAMES
1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL Ph

check out these recent posts

• loans for businesses
• how to establish enterprises
• what is a firm
• price equilibrium
• scale of preference
• concept of economics
• economic tools for nation building
• budgeting
• factors affecting the expansion of industries
• mineral resources and the mining industries
• demand and supply
• types of demand curve and used
• advertising industry
• factors of production
• entrepreneur
• joint stock company
• public enterprises
• private enterprises
• limited liability companies
• migration
• population
• market concept
• money market
• shares
• how companies raises funds for expansion
•  

140. BALANCED DIETS
     141. LACTATION DIETS
     142. MALNUTRITION
141. RINDER PESTS
     148. NEWCASTLE DISEASE
     149. BACTERIA DISEASES
     150. ANTHRAX
     151. BRUCELLOSIS
     152. TUBERCULOSIS
     153. FUNGAL DISEASES
142. PROTOZOAN DISEASES
     155. TRYPONOSOMIASIS
     
     159. TAPE WORM
     160. ROUND WORM OF PIGS
     161. LIVER FLUKE
     162. ECTO PARASITES
     163. TICK