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Budget - Coggle Diagram
Budget
Budget Formulation Process
Budget Cycle
2.Budget Approval
3.Budget Release
4.Implementation
5.Accounting
6.Reporting
7.Auditing
1.Budget Estimate
Preparation
(resource estimation)
1.Resource Committee (MoF)
-Vicechairman of NPC
vicechairman FCGO
-MoF secretary
2.RC sets ceiling for next F/Y
3.NPC sets up Plans & sends
to the Ministries for budget
requisition
4.Ministries send plan to NPC
5.MoF prepares the red book
tobe submitted at Jyestha 15.
2.Legislation/Enactment
(Budget Speech)
1.starts with Budget Speech at Joint session of parliament
2.Detailed line by line interpreration and discussion
is done in parliament.
3.Execution/ Implementation
(budget release)
1.Starts with approval of budget from parliament
2.After Approval of Appropriation Bill.
Letter of authority is sent to all the DTCO,Ministries,Line Offices etc.
4.Auditing
1.Auditor General Audits and presents to GoN for
presenting the report in Parliament.
Classification of Budget
1.Incremental Budget
2.Zero-Base Budget
3.Line-Item Budgeting
Gender Responsive Budgeting (GRB)
Types of budget on basis of balance and feasibility
Balanced Budget
2.Deficit budget
Surplus Budget
Elements
Income
Expence
Policy