Yahoo  Jul 12  Comment 
The U.S. budget deficit widened by 16 percent to $607 billion three-quarters of the way through Donald Trump’s first full fiscal year as president, as spending accelerated faster than revenue. The shortfall in the nine months through June was...
MarketWatch  Jul 12  Comment 
Having a good time doesn’t need to cost an arm and a leg.
The Hindu Business Line  Jul 11  Comment 
Sees host of benefits including lower costs and better yield
The Economic Times  Jul 9  Comment 
Under ZBNF, neither fertiliser nor pesticide is used and only 10 per cent of water is to be used for irrigation as compare to traditional farming technique.
Channel News Asia  Jul 7  Comment 
IMF Managing Director Christine Lagarde said on Saturday that a proposed joint euro zone budget could be designed with conditions so that it does not become a no-strings-attached transfer of rich countries' cash to poorer members.
The Economic Times  Jul 6  Comment 
The farm loan waiver will limit the State’s ability to rein in expenditure and achieve higher surplus in its revenue account, it said.
The Hindu Business Line  Jul 5  Comment 
Industry and chambers of commerce are upbeat over the proposal to set up help desk for Goods and Services Tax (GST) and few reforms with regards to a
Financial Times  Jul 3  Comment 
Von der Leyen says Bundeswehr offers more to alliance than just cash


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A budget is a spending plan - for the government, a company, a non-profit, or even an individual.

Purpose of having a budget

A budget allows you to put ideas down on paper in terms of the monetary value involved with a project. For businesses and various projects, it also provides a forecast into their financial performance going forward. This way, the actual and forecasted operations can be measured against each other.

Used properly, a budget can identify the amount of money that one would require at a certain point of time in the future. This is useful because allocation of capital eventually ends up having an impact on the direction of the project. Sometimes, realities of the budget force people to rethink plans drastically, even cull certain projects.

Kinds of Budgets

Budgets can be categorized based on their purpose:

  • A Government Budget focuses on summarizing the intended revenues and expenditures of a government for a specific fiscal year. This would include their spending on public welfare, defense, goods and services, etc and the revenue of the government, which comes primarily through taxation.
  • A Corporate Budget is compiled annually and is generally presented as the financial plan of the company. Accuracy in forecasting is a great indicator of how well the management knows the business. Correct predictions generally signify great management and control, whereas wild fluctuations between the forecast and actual budget make investors wary of the stock.
  • Personal Budgets are also called family budgets since they compare the income and expenses for families or individuals. They are subjected to budget constraints that dictate that household spending cannot exceed its assets.
  • Miscellaneous Budgets could include business start up budgets, non-profit budgets and other possible budgets for any project or an event.

Budgets can be classified by their methodology, that is used to come up with the data[1]:

  • Incremental Budgets are those in which the figures are based on real values from previous year and adjusted for the inflationary increase. No estimation is required, since it requires only extrapolation from the values of the last year.
  • Zero-based Budget starts from scratch as every detail is discussed and proposed. Informed estimates are made and no past values are used (in comparison, incremental budgets are based only on past values) This method is more detailed as each line and item gets examined, where any unjustified item would get eradicated.

Another popular way of classifying blogs is by the kinds of budgets used[2]:

  • Operating Budget plans for current costs and future financing methods. This is the most commonly used method of managing revenue and expenses.
  • Capital Budget is similar to an operating budget but details each and every expenditure, right down to purchasing needs of individuals or businesses.


  1. Budgeting
  2. What Kinds of Budgets are available
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