About Budget
All people, in the country have been doing business, job, farming etc to increase their own personal prosperity, but in a country should have developed common things, which need everybody for common uses like road, bridge, hospital, schools etc, that’s why government must collect money from citizens on the basis of their income and profit level, which called tax, it also help to make equal society by imposing higher tax upon higher income and vice versa. Government should make all those things, which citizens need like road, bridge, hospital etc by buying raw materials and working by same citizens again all money goes government to citizens but now we have hospital, road, bridge etc. all money is remain same but we able to develop infrastructure, which needed, all citizens. So using common sense we can say that tax should be collected by using progressive tax policy means higher income should be paid more tax and vice versa and budget should be spent in most priority areas. This whole system is called budget. So in budget, there is no vast anything to understand or making good for applied. Sources of budget are tax of businesses and citizens, internal loan, loan from outside countries and grant from others countries as well as organizations. And expenditures of budget are to regular expenses like salary, capital expenditure like build road, and financial expenditure like paid interest and installment of loan. This whole mechanism is called budget. Normally it is prepared for 1 year.
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