NTA-NET (UGC-NET) Public Administration (14) Social and Economic Administration-Budget Study Material (Page 1 of 1)
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Budget: Meaning, Purpose and Significance
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- The budget is a document presented by the government, of income and expenditure for a given period of time.
- Accountability is an outstanding feature of budget in a parliamentary democracy which serves as a valuable tool for management, facilitates economic analysis and acts as an instrument of fiscal policy.
- Budget was first used in England to describe the white leather bag that held the seal of the court of the exchequer.
- Later, the Chancellor of the Exchequer՚s bag containing…
… (621 more words, 11 figures) …
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