Why we need budget? / Significance/ importance of budget.

The necessity of preparation of budget by the government of Bangladesh is explained below:

i.    Budget is the statement of annual income and expenditure of the government.

ii.    Budget is a document of guideline of economic activities of the country.

iii.   Budget determines the area of all activities of the government.

iv.  It helps to adopt the financial planning for a particular period.

v.   Budget is also the reflection of the government development programs.

vi.Buddget also determines the priority of development programs.it is the prediction of development of a country.

vii.  Budget helps to determine costs estimation for unseen items.

viii.  Budget indicates the statement of accounts of service sectors.

ix.  It is the prediction of the development of the country.

x.     Budget indicates the sources of revenue collection of the government.

xi.  Budget is the controller of public income and expenditure.