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The National Budget (Why is it prepared? (Estimate expenditure of upcoming…
The National Budget
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It is a financial plan of what the Government is going to earn (income) and spend (expenditure) over 12 months
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Drafting a Budget 1.Title the Budget 2.Three Columns 3.Income (List sources of income) 4.Total income (Answer in 3rd row) 5.Expenditure (List of of expenditures) 6.Total Expenditure (Answer in 3rd row) 7(Income less Expenditure) 8.Document the total amount in 3rd row 9.Title the budget amount Surplus, Deficit or Balanced