Budget is a framework which guides the implementation, assessment, monitoring of all government programs to ensure sound financi

Question

pentagon [3]

2 years ago

13

Budget is a framework which guides the implementation, assessment, monitoring of all government programs to ensure sound financi

al management. Explain it.

Business

1 answer:

REY [17] · Answer 1 · 2023-07-10T08:51:08+03:00

The yearly budget law, which covers the revenue and expenditure forecasts for a particular year, is planned, approved, executed, and audited within the permanent legal framework provided by the constitution, the budget organic law, and financial rules.

<h3>What is the Importance of a Budget in business?</h3>

It allows the business owner to focus on cash flow, cost-cutting, boosting earnings and boosting returns on investment. The cornerstone of every successful firm is budgeting. It assists with both planning and maintaining control over the company's finances.

An evaluation of a company's anticipated financial resources or the resources needed to finish a project constitutes a budget estimate. A budget estimate is a rough estimation of the amount of money that will likely be needed to finish a project or the amount of money that will be predicted to be available to a firm or organization.

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