Troy

basically reflected in the budget. Through the budget, the government of a country mobilizes and allocates resources, accelerates capital formation, and creates greater employment opportunity and equal distribution of resources. In addition, budget is an annual statement of estimated revenues and expenses. The term “budget” is derived from a French word, bougette meaning a pouch, bag, or wallet. In 1873, the term for the first time was used in its present form, in a satire directed against Robert Walpole’s annual financial plan. Since then, the budget is used for an annual financial plan, containing income and expenditure of the government (Bhattacharya 2007). However, the entry is to briefly discuss the different aspects and classification of budget and to explore the nexus between budgeting and finance.

Rak

Štíhlá

1,6 m

Afroameričan/ka