What Is Budgeting?

　 budget

Simply speaking, it is within a certain period. Revenue and expenditure plan 。 Judging from the history of world finance, the earliest budget was born in England. When the chancellor of the exchequer reported the revenue and expenditure plan to the king in parliament, he always carried a bag. People figuratively called the chancellor's job "budget" and "budget". The government budget is a legally effective fiscal revenue and expenditure plan. It has the characteristics of annual, integrity, legality, Democracy (openness), predictability and centralization. The budgetary year is divided into two forms: calendar year and calendar year. According to the budget law adopted by 1994 of our country, our government budget is implemented in calendar year system, that is, from January 1st of that year to December 31st. The government budget of our country includes the central budget and local budget, the first level government budget, the total budget of each government is composed of the budget of the government at the same level and the budget of the next level government. The budget of the government at each level will come into effect after approval by the people's Congress at the same level.