How is budget prepared?
1 answer:
Step-by-step explanation:
The Budget is prepared through a calculative process between the Finance Ministry and the spending ministries. ... It marks the beginning of the Budget process. It guides ministries and departments for preparing revised estimates (for the past year) and Budget Estimates (for the coming year).
STEP 1: MONEY IN. List your sources of income for the month. ...
STEP 2: MONEY OUT. Next, look back over your last few months of bank statements to help you list all of your monthly expenses. ...
STEP 3: ASSESS THE SITUATION. ...
STEP 4: Using and Maintaining Your Budget.
the above picture. is an example of a budget
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