Banking Exam Question - What is Government Budget? Budget Formulation Process in Nepal

Introduction - Government Budget & Formulation

The Government is budgeted for the income and expenditure of the government. This is the government's policy and program. The government is the top priority of the government budget to manage government revenue and expenditure for social welfare. The other objectives are:

• To determine the work and responsibility of the government,
• Creating employment opportunities,
• Economic growth, maintaining financial stability,
• To help maintain social justice,
• Maximum operating of source resources,
• To help implement implementation of periodic planning,
• Processing of the budget of Nepal
• Expenditure estimates and expenditure estimates
• Income estimate
• Prepare budget draft
• Parliament presented, discussed and passed the budget
• Budget implementation
• Budget monitoring and evaluation