Please help improve it or budget friendly valentine’s day gifts for him these issues on the talk page. This article needs additional citations for verification.

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If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A budget is a calculation play, usually but not always financial, for a defined period, often one year or a month. A budget expresses intended expenditures along with proposals for how to meet them with resources.

A budget may express a surplus, providing resources for use at a future time, or a deficit in which expenditures exceed income or other resources. There are three types of government budget: the operating or current budget, the capital or investment budget, and the cash or cash flow budget. The federal budget is prepared by the Office of Management and Budget, and submitted to Congress for consideration. Invariably, Congress makes many and substantial changes. Nearly all American states are required to have balanced budgets, but the federal government is allowed to run deficits.

The budget is prepared by the Budget Division Department of Economic Affairs of the Ministry of Finance annually. The Finance Minister is the head of the budget making committee. The present Indian Finance minister is Nirmala Sitharaman. The first budget of India was submitted on 18 February 1860 by James Wilson. P C Mahalanobis is known as the father of Indian budget. President may opt to veto the GAB and have it returned to the legislative branch or leave the bill unsigned for 30 days and lapse into law.

There are two types of budget bill veto: the line-item veto and the veto of the whole budget. A personal budget or home budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Re the latter: if the actual figures delivered come close to those budgeted, this suggests that managers understand their business and have been successful in “delivering”. Professionals employed in this role are often designated “Budget Analyst”, a specialized financial analyst role. It is used to create company and sales goals. The production budget also estimates the various costs involved with manufacturing those units, including labor and material. It usually covers a period in the short-term future.

The cash flow budget helps the business to determine when income will be sufficient to cover expenses and when the company will need to seek outside financing. These costs include labour, materials, and other related expenses. The project budget is often broken down into specific tasks, with task budgets assigned to each. A cost estimate is used to establish a project budget.