ECONOMICS
BUDGETING
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Question
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Listed are the concept of Government Budgeting, except
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Is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year.
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A forecast by a government of its expenditures and revenues for a specific period of time.
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In national finance, the period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year.
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The word budget is derived from the Old French bougette (“large bag”).
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Explanation:
Detailed explanation-1: -The word budget is derived from a french word ‘bougette’ which means ‘little bag’ from where the budget concept was derived and after years of development the budget for every single country was started getting prepared. Was this answer helpful?
Detailed explanation-2: -The word budget is derived from the Old French bougette (“little bag”).
Detailed explanation-3: -Diminutive of Old French bouge (“pouch”), probably of Celtic origin.
Detailed explanation-4: -Term ‘Budget’ is derived from? The word ‘budget’ has its origin in the French word Bougette, which means leather briefcase.
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