Budget
A budget is a financial plan that estimates expected income and expenses for a specific period of time (usually a year).
Simply put:
A budget is a plan for “how much money you will receive and how you will spend it.”
Main components of the budget Income: Money received Ex: Taxes, fees, government grants Expenditure: Money to be spent Ex: Road construction, salaries, development projects
Budget includes Drinking water project Road maintenance Sanitation activities Agricultural development Welfare projects Health and education activities
Importance of Budget Ensures financial control Reduces unnecessary expenditure Prioritizes development activities Makes public services more efficient