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    Governement Budget Abiodun Marquis

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    Oluwamurewa Fadare
    1. A government budget projects revenues and expenditures for a fiscal year, which may not match the calendar year. Revenues come mostly from taxes, while expenditures are government spending. 2. There are several types of budgets, including a master budget encompassing all lower-level budgets, an operating budget projecting revenues and expenses, and a financial budget considering assets, liabilities, and equity. 3. Other budget types are static budgets that remain constant, a labor budget planning payroll, and a cash flow budget estimating incoming and outgoing funds. A national budget funds areas like defense, infrastructure, education, and social programs. It aims to achieve macroeconomic objectives like stability, managing public

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    © All Rights Reserved
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    Governement Budget Abiodun Marquis

    Uploaded by

    Oluwamurewa Fadare
    30 views12 pages
    1. A government budget projects revenues and expenditures for a fiscal year, which may not match the calendar year. Revenues come mostly from taxes, while expenditures are government spending. 2. There are several types of budgets, including a master budget encompassing all lower-level budgets, an operating budget projecting revenues and expenses, and a financial budget considering assets, liabilities, and equity. 3. Other budget types are static budgets that remain constant, a labor budget planning payroll, and a cash flow budget estimating incoming and outgoing funds. A national budget funds areas like defense, infrastructure, education, and social programs. It aims to achieve macroeconomic objectives like stability, managing public

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    Government Budget presentation

    Original Title

    GOVERNEMENT BUDGET ABIODUN MARQUIS

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    1. A government budget projects revenues and expenditures for a fiscal year, which may not match the calendar year. Revenues come mostly from taxes, while expenditures are government spending. 2. There are several types of budgets, including a master budget encompassing all lower-level budgets, an operating budget projecting revenues and expenses, and a financial budget considering assets, liabilities, and equity. 3. Other budget types are static budgets that remain constant, a labor budget planning payroll, and a cash flow budget estimating incoming and outgoing funds. A national budget funds areas like defense, infrastructure, education, and social programs. It aims to achieve macroeconomic objectives like stability, managing public

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    30 views12 pages

    Governement Budget Abiodun Marquis

    Uploaded by

    Oluwamurewa Fadare
    1. A government budget projects revenues and expenditures for a fiscal year, which may not match the calendar year. Revenues come mostly from taxes, while expenditures are government spending. 2. There are several types of budgets, including a master budget encompassing all lower-level budgets, an operating budget projecting revenues and expenses, and a financial budget considering assets, liabilities, and equity. 3. Other budget types are static budgets that remain constant, a labor budget planning payroll, and a cash flow budget estimating incoming and outgoing funds. A national budget funds areas like defense, infrastructure, education, and social programs. It aims to achieve macroeconomic objectives like stability, managing public

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    GOVERNMENT BUDGET

    Abiodun Marquis
    INTORDUCTION

    A government budget is a projection of the


    government's revenues and spendings for a
    particular period of time often referred to as a
    financial or fiscal year, which may or may not
    correspond with the calendar year. Government
    revenues mostly include taxes while expenditures
    consist of government spendings.
    Types of Budget

    Master Budget
    Operating Budget
    Financial Budget
    Static Budget
    Labor Budget
    Cash Budget
    1. A master budget A master budget is a comprehensive financial planning document that
    includes all of the lower-level budgets, cash flow forecasts, budgeted financial statements,
    and financial plans of an organization. It's usually developed by a firm's budget committee
    and guided by the budget director. Master budgets are used by management teams to plan
    the activities required to achieve their business objectives. Senior management is
    responsible for creating several iterations of the master budget before it is finalized in
    larger organizations. Funds can be allocated for specific business activities after it has been
    reviewed for the final time. Smaller businesses frequently use spreadsheets to create
    master budgets; however, replacing spreadsheets with efficient budgeting software
    typically reduces errors.

    Types of 2. An operating budget depicts a company's projected revenue and expenses over a given
    time period. It's like a profit and loss statement. Fixed costs, variable costs, capital costs,
    and non-operating expenses are all included. Even though this budget is a high-level
    summary report, each line item is supported by relevant details. This data is useful for

    Budget determining whether the company is spending as planned. In most organizations, the budget
    is prepared by management at the start of each year. The document is updated on a
    monthly or quarterly basis throughout the year and can be used as a forecast for multiple
    years.

    3.Financial budget: Businesses draft this budget to understand how much capital they'll
    need and at what times for fulfilling short-term and long-term needs. It considers assets,
    liabilities, and stakeholder equity—the critical components of a balance sheet that provide
    an overall picture of your company's health.
    4. Static budget: This budget, as the name implies, is an estimate of
    revenue and expenses that will remain constant throughout the year. The
    budget line items can be used as targets to meet regardless of sales
    increases or decreases. Static budgets are typically prepared by nonprofits,
    educational institutions, or government bodies that have been given a set
    amount to use for each of their activities.

    5. Labor budget: A labor budget is essential for any business that intends

    Types of
    to hire employees to achieve its objectives. It assists you in determining
    the workforce required to achieve your objectives so that you can plan
    payroll for all of those employees. It assists you in allocating expenses for

    Budget
    seasonal workers in addition to planning regular staffing.

    6. A cash flow budget provides you with an estimate of how much money a
    company will bring in or spend over a specific time period. Businesses
    develop their cash budgets by estimating their payables and receivables,
    drawing conclusions from output and sales forecasts, and more. This
    budget's information can assist you in determining whether you have
    enough readily available funds for running, whether your money is being
    spent wisely, and whether you are on track to turn a profit.
    Components of a Government budget

    (ii) Capital budget – The


    capital budget includes the
    (i) Revenue budget – The
    capital receipts (such as
    revenue budget contains
    disinvestment, borrowing) and
    revenue expenditure and
    lengthy capital expenditure
    receipts. In these receipts,
    (for instance, long-term
    both tax revenue (such as
    investments, creation of
    excise duty, income tax) and
    assets). Capital receipts are
    non-tax revenue (like profits,
    government liabilities or
    interest receipts) are
    decreased financial assets,
    recorded.
    such as the recovery of loans,
    market borrowing, etc.
    A national budget is the
    budget of a country. The
    government gets money from
    taxes and fees, and spends it
    on things like national
    What is the
    defense, infrastructure, grants
    National Budget? for research, education, and
    the arts, and social programs
    such as Social Security and
    Medicare.
    Examples of National Budget Allocation
    NIGERIA’S NATIONAL BUDGET
     Direct production of goods and services – The government can take the
    production process directly if the private sector does not show interest.

     Reallocation of resources – It helps to distribute resources, keeping in


    Use Of
    view the social and economic advantages of the country.
    Government
     Minimize inequalities in income and wealth – In an economic system,
    income and wealth inequality is an integral part. So, the government aims
    Budget In
    to bring equality by imposing a tax on the elite class and spending extra
    on the well-being of the poor Achieving
     Allowance or Tax concessions – The government gives allowance and
    Macroeconomic
    .
    tax concessions to manufacturers to encourage investment.
    Objectives
     Economic stability - To achieve the goal of financial
    stability, the budget is also used to prevent company
    swings. Budget deficits in times of deflation and
    surpluses in times of inflation are examples of
    Use Of policies that help keep prices in the economy in
    balance.
    Government  Managing public enterprises - The social welfare of
    Budget In people is a primary goal of many public sector
    industries. The budget is designed to include various
    Achieving measures for running such businesses and providing
    financial assistance.
    Macroeconomic  Economic growth - The rate of investments and
    savings determines the economic growth of a nation.
    Objectives (Contd.) As a result, the budgetary strategy is focused on
    setting aside enough money for public sector
    initiatives and increasing the total rate of saving and
    investing.
    THANK YOU SNR MAN

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