Budget example sentences

In the process, fiscal policy creates a surplus (when total receipts exceed expenditure) or a deficit budget (when total expenditure exceed receipts) rather than a balanced budget (when expenditure equals receipts).The Capital Budget is an account of the assets as well as liabilities of the central government, which takes into consideration changes in capital.In the budget, the government also announces the various ways in which it plans to meet these expenses.Budgetary control is a technique of managerial control in which all operations are planned in advance in the form of budgets and actual results are compared with budgetary standards.Economic planning, including five year plans, annual budgets, and so on.64% in 1951–52 to 98% in 2002–03 (Budgetary estimate).Further, the budget must distinguish expenditure on the revenue account from other expenditures.Quarterly review of the trends in receipts and expenditure in relation to the budget be placed before both Houses of Parliament.Capital expenditure is also categorised as plan and non-plan in the budget documents.Two new taxes – the fringe benefits tax (on those benefits enjoyed collectively by the employees) and on cash withdrawals from banks over a certain threshold in a day – were introduced in the budget for 2005-0 The share of direct taxes in gross tax revenue has increased from 1 1 per cent in 1990-91 to 4 3 per cent in 2003-0 There has been a reduction in the share of indirect tax revenue, falling from 7 4 per cent in 1990-91 to 5 9 per cent in 2003-0 The redistribution objective is sought to be achieved through progressive income taxation, in which higher the income, higher is the tax rate.For these purposes macroeconomists had to study the effects in the markets of taxation and other budgetary policies, and policies for bringing about changes in money supply, the rate of interest, wages, employment, and output.For instance, sales budget cannot be prepared without knowing production programmes and schedules.The budget, it has been argued, reflects and shapes, and is, in turn, shaped by the country's economic life.Managers must remember that budgeting should not be viewed as an end but a means to achieve organisational objectives.Budget documents classify total revenue expenditure into plan and non-plan expenditure.

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