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    Chameli Devi Institute of Management & Research: Connecting Corporate

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    This document discusses key aspects of government budgets in India. It defines what a budget is and notes that the term originated from the French word "bougette" meaning a small bag. It then provides details on: - The different types of budgets including sales, production, cash flow, marketing, project, revenue and expenditure. - The objectives of government budgets which include reallocating financial resources, reducing inequality, stabilizing prices, managing public enterprises and expanding employment. - The main components of government budgets, which are the revenue budget covering tax and non-tax revenue and expenditure, and the capital budget covering receipts from loans, disinvestment and expenditures. - The budgetary procedure in India

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    Chameli Devi Institute of Management & Research: Connecting Corporate

    Uploaded by

    cimr33
    67 views18 pages
    This document discusses key aspects of government budgets in India. It defines what a budget is and notes that the term originated from the French word "bougette" meaning a small bag. It then provides details on: - The different types of budgets including sales, production, cash flow, marketing, project, revenue and expenditure. - The objectives of government budgets which include reallocating financial resources, reducing inequality, stabilizing prices, managing public enterprises and expanding employment. - The main components of government budgets, which are the revenue budget covering tax and non-tax revenue and expenditure, and the capital budget covering receipts from loans, disinvestment and expenditures. - The budgetary procedure in India

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    BUDGET

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    This document discusses key aspects of government budgets in India. It defines what a budget is and notes that the term originated from the French word "bougette" meaning a small bag. It then provides details on: - The different types of budgets including sales, production, cash flow, marketing, project, revenue and expenditure. - The objectives of government budgets which include reallocating financial resources, reducing inequality, stabilizing prices, managing public enterprises and expanding employment. - The main components of government budgets, which are the revenue budget covering tax and non-tax revenue and expenditure, and the capital budget covering receipts from loans, disinvestment and expenditures. - The budgetary procedure in India

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    67 views18 pages

    Chameli Devi Institute of Management & Research: Connecting Corporate

    Uploaded by

    cimr33
    This document discusses key aspects of government budgets in India. It defines what a budget is and notes that the term originated from the French word "bougette" meaning a small bag. It then provides details on: - The different types of budgets including sales, production, cash flow, marketing, project, revenue and expenditure. - The objectives of government budgets which include reallocating financial resources, reducing inequality, stabilizing prices, managing public enterprises and expanding employment. - The main components of government budgets, which are the revenue budget covering tax and non-tax revenue and expenditure, and the capital budget covering receipts from loans, disinvestment and expenditures. - The budgetary procedure in India

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    Chameli Devi Institute

    Of Management & Research

    Connecting Corporate
    GOVERNMENT

    Prepared by:-
    AKHILESH TIWARI
    Prepared by :-
    P.G.D.M. 1 st
    AKHILESH TIWARI sem.
    P.G.D.M. 1ST Sem.
    What is BUDGET????

    The word “Budget” has been derived from the French


    word “Bougette” which means a small bag. It
    symbolises a bag contaning the financial proposals. In
    other terms, a budget is an organzational plan stated
    in monetary terms.

    The use of this term “budget” for the annual financial


    plans of the government dates back to 1733.In general
    a “Budget’ shows the financial accounts of the
    previous years ,the budget and revised estimates of
    the current year, and the budget estimates for the
    coming year.
    So Budget is ……………
    As Study Point of view
    Different Aspect of Budget

    • Personal or Family budget


    • Business start-up budget
    • Corporate budget
    • Event management budget
    • Government budget
    Types of Budget
    • Sales Budget
    • Production Budget
    • Cash Budget{Cash Flow}
    • Marketing Budget
    • Project Budget
    • Revenue Budget
    • Expenditure Budget
    Definition of Government Budget
    “The budget in a modern state is a forcast and
    estimate of all public receipts and expenses and for
    certain expenses and receipts and authorisation to
    incur them and collect them.”
    --- Gaston Gaze
    “The budget is a document containing a preliminary
    approved plan of public revenue and expenditure.”
    ---Stourn
    Finance Minister Term
    •Liaquat Ali Khan 1946-1947 (interim government)
    •John Mathai 1948-1949
    •R. K. Shanmukham Chetty 1949-1951
    •Chintamanrao Deshmukh 1951-1957
    •T. T. Krishnamachari 1957-1958
    •Jawaharlal Nehru 1958-1959
    •Morarji Desai 1959-1964
    •T. T. Krishnamachari 1964-1967
    •Morarji Desai 1967-1970
    •Indira Gandhi 1970-1971
    •Yashwantrao Chavan 1971-1975
    •C. Subramaniam 1975-1977
    •Morarji Desai 1977-1979
    Cont’d
    •Choudhary Charan Singh 1979-1980
    •Ramaswamy Venkataraman 1980-1982
    •Pranab Mukherjee 1982-1985
    V.P. Singh 1985-1987
    •S.B. Chavan 1987-1990
    •Madhu Dandavate 1990-1991
    •Manmohan Singh 1991-1996
    P.Chidambaram 1996-1998
    •Yashwant Sinha 1998-2002
    •Jaswant Singh 2002-2004
    •P.Chidambaram current incumbent
    Objectives of Government Budget

    1> Re-allocation of financial resources


    2>Removal of inequality of income and wealth
    3>Stabilisation of price level
    4>Management of public enterprises
    5>Expansion of employment opportunities
    6>Removal of regional disparity
    Characteristics of Budget
    1>An annual financial action plan for next financial year.
    2>Presented in monetary value.
    3>Prepared by Finance Minister.
    4>Approved by the Parliament before implementation.
    5>Guideline of development policy of the Govt.
    6>Budget is simply estimated not real.
    7>Generally ,it is presented at the end of February every year.
    Main Importance of govt. Budget
    1>For achieving the objective of growth with stability.
    2>An estimate of resources for economic.
    3>Proper management and efficient allocation of resources.
    4>For ensuring social economic development.
    5>Legislative control on public funds.
    6>Evaluation of economic progress.
    Budgetary Procedure in India
    Preparation of budget.
    Presentation of budget.
    Discussion on the budget.
    Voting on the budget.
     Passing the Appropriation and Finance Bill.
     Implementation of budget.
    Components of Govt. Budget
    A. Revenue Budget-
    1.>The Revenue receipts---
    > Tax revenue :-
    (a)Direct taxes
    (b)Indirect taxes
    >Non-Tax revenue :-
    (a)Dividend and profits
    (b)Interest receipts
    (c)Fiscal services
    (d)General services
    (e)Economic ,social & communication services
    (f)Assistance of abroad
    2.>The Revenue expenditure---
    >Plan-expenditure
    >Non-Plan expenditure
    Cont’d
    B. Capital Budget-
    1.>The Capital receipts
    >Earning from loan
    >Disinvestment in public enterprises
    >Capital consumption allowance
    >Bill and other payable liabilities
    >Subsidies from abroad
    2.>The Capital expenditure
    (a)Plan expenditure
    >Expenditure on physical capital wealth
    >Capital expenditure on services
    (b)Non-plan expenditure
    >Debt given to state govt. and others
    >Expenditure of maintenance of property
    >Expenditure on purchase of shares
    Types of Govt.Budget
    Surplus Budget

    Balanced Budget

    v Deficit Budget
    Why Deficit budget
    is a good
    budget???????
    Thank you

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