Outcome budgeting or Outcome based budgeting(OBB) is an method of budgeting that measures the progress of each department and ministry and what they have done with its budget. Outcome budgeting is an process of budgeting done at micro levels that …
There are two types of budgets. The Union budget and the State budget. Each of them has important significance in the country’s economy. Union budget is the central government’s budget that covers expenses of the entire country. It is presented …
The Budgeting Process In India is a complex and dynamic process that involves multiple stakeholders, including the government, policymakers, and citizens. However, despite the elaborate budgeting process, there are several flaws, and challenges that hinder its effectiveness and efficiency. Inadequate …
There are two types of budgets. The Union budget and the State budget. Each of them has important significance in the country’s economy. The union budget is the central government’s budget that covers the expenses of the entire country. It is presented by …
A budget is nothing but an annual financial plan that outlines the expected revenue and expenses of a government, or an individual. There are various key budget terms that help us to understand the framework of the budget. · Revenue: Money received …