Budgets And Forecasts

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    Budget

    Budget: An estimate of income and expenditure for a set period of time. Budget (from french bougette) generally refers to a list of all planned expenses and revenues. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms. The budget of a government is a summary or plan of the intended revenues and expenditures of that government. Budget

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    Budget

    Budgeting is a key component in management short and long term planning. At its most basic level, a budget is a plan for owners and managers to achieve their goals for the company. (E, 1999-2005) In the accounting industry, a budget is a financial plan and a list of all planned expenses and revenues. It is all about planning, evaluation, coordinating and communication. By preparing monthly budgets for the company, owners and managers are able to easily identify specifically the variances or the

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    Gdp Forecast

    compared to 8.3% in the previous month. The unemployment rate is seemingly negatively correlated with GDP growth. Since there is a slight economic growth (measured by GDP) over the last months, unemployment rate is decreasing at a very slow pace. My forecast for September 2012 is an unemployment rate equal to 8%. In the week ending September 22, the advance figure for seasonally adjusted initial claims was 359,000, a decrease of 26,000 from the previous week's revised figure of 385,000. This figure

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    Budget

    PROJECTED BUDGET Revenue | | Total | Title Sponsor ( City of Vaughan) | $3,000.00 | $3,000.00 | Facility Expenses | | | Rental of Secondary School | $0.00 | | Security Officers | $913.50 | | Referees | $1,638.00 | $2,551.50 | Administrative, Marketing and Other Expenses | | | Featured Adds in NewsPaper | $1,742.00 | | Promotional Flags | $1,625.00 | | Banner

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    Flexible Budget

    FLEXIBLE BUDGETING Definition:--A flexible budget is a budget that is a function of one or more levels of activity. Thus, the budget depends on one or more measures of activity volume rather than being fixed in amount. Purpose:--The purpose of a flexible budget is to develop an estimate or estimates of cost for one or more levels of activity. Activity levels are typically measured in terms of activity inputs, levels, or outputs. Such a budget is flexible in the sense that it depends upon

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    Budget

    MBA 4 Union Finance Minister Pranab Mukherjee today tabled his third consecutive union budget in Lok Sabha, primarily focusing on trimming the rising fiscal deficit, rising inflation, interest rate and boosting the decreasing growth rate. Here is the key features and main points of Union Budget 2012-13. Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters.

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    Budget

    BUDGET ANALYSIS : AGRICULTURE SECTOR 2012-13 HIGHLIGHTS                  For Indian Economy it had been a year of recovery interrupted FY12 GDP seen at 6.90% - Economy to grow at 7.60% in 2012-13 Country had to battle Double digit Inflation Weak economic growth attributed to low industrial growth Agriculture and Services have performed well Fiscal balance has deteriorated Signs that Economy is turning around Focus on domestic demand driven growth Economy Need to improve supply

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    Budget

    Budget 2013-14: To defend or not to defend Published : Tuesday, 11 June 2013 Mahfuz Kabir Budget 2013-14 has been placed in Parliament for discussion, not for debate per se. At the backdrop of less than projected GDP (gross domestic product) growth, low private investment, low private consumption and less vibration in the domestic economy, there is no hype for the Finance Minister to present something from a 'magic lamp'. The size of the budget with an outlay of Tk 2.22 trillion, although 16 per

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    Budget

    Budget: An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals. One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations. Planning and monitoring your budget will help you identify wasteful expenditures, adapt quickly as your financial situation

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    Budgets

    Of Any Business Will Be Ineffective Without The Preparation And Use Of Budgets. Introduction I agree that without the preparation and use of budgets, management of any business will be ineffective. Budgeting in general aids a company in many ways. With a budget, companies or businesses will be aware of the amount of money they have to either start up a business or to ensure smooth operation within the company. Using budgets also ensure that companies do not spend more than what they can afford

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    Budget

    Budgets Rosa M. Oyola-Jerez American Military University FINC 405 B004 Professor: Greg Harms April, 30, 2011 Budgets Here would be explain what is a master budget? What factors cause budget variances? It would also be explain the difference between a favorable and unfavorable variance, and an example of it would be provided. It would also be explain the difference between static and a flexible budget with an example of it. A master budget in my words is a recompilation of all different budgets

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    Budget

    getting interest more and more to jewelry, if we open jewelry shop it can be profitable. Definition of Business plan: A business plan is a document that summarizes the financial objectives of a business and contains the detailed plans and budgets. The definition of Business plan varies writer to writer- “A written document that describes the business, the goods or service, the customers, the competition, the financing, and all activities necessary to enter business and make or sale a good

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    Operational Budget

    Phase 4 DB HCM410-1303B-02 September 14, 2013 Operational Budget with addition of 4 new areas Introduction The Krona Community Hospital, established in 1977, is a 60-bed, acute care hospital located in Banconota County. They currently offer a full range of health care services and maintain a staff of almost 100 physicians and specialists, 400 employees, as well as numerous volunteers. They are currently fully accredited by The Joint Commission. A private, not-for profit health care chain

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    Budget

    pārskatus un publicē tos laikrakstā „Latvijas Vēstnesis”, kā arī savās interneta mājaslapās. IZMANTOTĀ LITERATŪRA http://lat.biztimes.lv/tag/budzeta-definicija/ www.nvo.lv/fin.php?lang=lv&id=109 en.wikipedia.org/wiki/Budget lv.wikipedia.org/wiki/Budžets V.Praude; J. Beļčikovs “Menedžments” (izd.”Vaidelote” 2001.g) A.Andrējeva; K. Ketners “Valsts ieņēmumu teorijas pamati” (RTU izdevniecība, Rīga, 2008.gads) R.Alsiņa; K. Zolutuhina; J. Bojarenko “Vadības grāmatvedības

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    Account Forecast

    Financial forecasts As part of your plan you will need to provide a set of financial projections which translate what you've said about your business into numbers.  You will need to look carefully at: how much capital you need if you are seeking external funding the security you can offer lenders how you plan to repay any borrowings sources of revenue and income You may also want to include your personal finances as part of the plan at this stage. 1 Financial planning

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    Budgets

    Your administration is considering cuts to the defense budget beyond the reductions already imposed by the 2011 provisions of the Budget Control Act. Many politicians and the public alike find it difficult to make sense of the huge numbers tossed around like so many chips in a Las Vegas poker game. In the national debate to date, some assume that immediate cuts will yield huge savings with little risk while others say that no more savings can be made without endangering America’s security. You need

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    Budget Expectations

    Variance [pic] Variance is the difference between the forecast amount and the actual amount. When the actual amount is lower than the forecast amount, there is a favorable variance. However, when the actual amount is higher than the forecast amount, there is unfavorable balance..  In this case, variance will be the difference between actual expenses and forecast amount. The total forecast expenses in Munroe regional medical center in 2010 were $307,385 and the actual expenses were $310,536. The

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    Oced Forecast

    Please cite this note as: OECD (2014), “OECD forecasts during and after the financial crisis: A Post Mortem”, OECD Economics Department Policy Notes, No. 23 February 2014. OECD FORECASTS DURING AND AFTER THE FINANCIAL CRISIS: A POST MORTEM OECD Economics Department Policy Note no. 23 February 2014 This Policy Note is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the

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    Budget Management

    Budget Management Analysis Budget Management Analysis Budgets are used in many organizations to plan the fiscal year of the institutions. Preparing a budget helps to allocate the available funds of each department within the company. Creating a budget is a vital tool in keeping the financial status in order, focusing on all the cost over a select period of time to achieve financial stability. Budgeting involves forecasting the demand for resources that create variable cost or flexible cost. Chief

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    Forecast Methods

    approach is in using visual comparison of several forecasts to assess their accuracy and choose among the various forecasting methods. In this approach, one must plot (using, e.g., Excel) on the same graph the original values of a time series variable and the predicted values from several different forecasting methods, thus facilitating a visual comparison. You may like using the Past Forecasts by Smoothing Techniques JavaScript to obtain the past forecast values based on smoothing techniques that use

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    Budget

    3105 After winning an overwhelming majority on its own, the BJP has, in its first two policy statements—the railway budget and the Union budget—unambiguously initiated a recalibration of the government’s ideology towards the right. Clearly this is a government, emboldened, no doubt, by its 282 seats, yet many question how much of this was divulged in the highly anticipated budget. Principle of continuity was seemingly chosen over political consideration, causing many a people to question the intentions

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    Budget Management

    Budget Management Analysis John Thorpe HCS/571 April 13, 2014 Professor: Amy Reed Budget Management and Variance Analysis Healthcare organizations are faced with severe financial pressures resulting in extreme budget cuts. Consequently, nurse managers and financial managers are tasked with the responsibility of doing more with less while maintaining the high quality of care offered to its consumers. To accomplish the aforementioned tasks, managers use budgetary tools to help them focus on

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    Budget

    UNION BUDGET 2014 - 2015 UNION BUDGET 2014 - 2015 INDEX o o o o Key Highlights Tax Rates: Direct Taxes Market movements: Equity & Debt Economic update: o o o Budget summary Revenue snapshot Expenditure snapshot Sector updates Financial Sector Mutual Funds o o Equity Market: Outlook and Strategy Debt Market: Outlook and Strategy 1 UNION BUDGET, 2014 - 2015 KEY HIGHLIGHTS On the back of a decisive mandate, the first budget of the NDA government has laid

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    Forecast

    string of bad decisions, not the least of which was over-confidence. Our Own Mountains to Climb: While most of us are not planning on climbing Everest anytime soon, we have our own metaphorical mountains to conquer in the form of projects, budgets, campaigns and business plans. And unfortunately, we’re every bit as susceptible to the many decision-making traps, including estimating and forecasting errors, that can lead to disaster in life or death circumstances. Consider: If the management

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    Budget Analysis

    Budget Management Analysis for the Post Anesthesia Care Unit The budget management process is not an easy task. It is time consuming and difficult. There are some ways to overcome the challenge of managing budgets within forecasts. One way is to budget and report beyond the ledger. Data should be looked at beyond the company’s financial system. This will allow the company to create more accurate forecasts. Next the budget software should be user-friendly. If it is easy to use, the happier the employees

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    Budget

    MEDIA BRIEFING AN ANALYSIS OF THE NATIONAL BUDGET FOR FY2015 06 JUNE 2014 CPD IRBD 2014 TEAM Dr Debapriya Bhattacharya, Distinguished Fellow CPD and, Professor Mustafizur Rahman, Executive Director, CPD were in overall charge of preparing this report as the Team Leaders. Lead contributions were provided by Dr Fahmida Khatun, Research Director; Dr Khondaker Golam Moazzem, Additional Research Director and Mr Towfiqul Islam Khan, Research Fellow, CPD. Valuable research support was received

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    Forecast Trend

    autocorrelations show a large spike close to one at lag 1. Autocorrelation (AC) Partial autocorrelations (PAC) To estimate the fitted model, there are four possible trends that are chosen to compare as follows: Linear trend model In order to forecast the trend, we start to fit a linear trend model to the data by regressing the GDP on a constant and a linear time trend. The p-value of the t- statistic on the time trend is zero and the regression’s R2 is high so it can be implied that the trend

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    Budget

    FISCAL YEAR 2014 BUDGET REQUEST APRIL 2013 OFFICE OF THE UNDER SECRETARY OF DEFENSE (COMPTROLLER) / CHIEF FINANCIAL OFFICER Preface The Overview Book has been published as part of the President’s Annual Defense Budget for the past few years. This continues for FY 2014, but with modifications as proposed by congressional staff. From FY 1969 to FY 2005 OSD published the “Annual Defense Report” (ADR) to meet 10 USC Section 113 requirements. Starting with the President’s FY 2006 Budget, this report

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    Financial Forecast Vlp

    VALUE LINE PUBLISHING, OCTOBER 2002 | | | | | | | | | | Financial forecast for Lowe's | | | | | | | | | | | | | | | | | | | | | | Fiscal year | ASSUMPTIONS | | 2001 | 2002F | 2003F | 2004F | 2005F | 2006F | | | | | | | | | | | Growth in new stores | | 14.5% | 16.9% | 15.9% | 13.8% | 13.0% | 13.0% | | Sales growth for existing stores | | 2.9% | 3.0% | 2.6% | 3.9% | 4.9% | 6.4% | | Total sales growth | | 17.3% | 19.9% | 18.5% |

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    Budget

    – Operating Budgets: A budget can be a process, a document, an accounting ledger, a plan, or a system. Local gov’t budgeting process unique – product of geographical, historical, economic, political and social factors peculiar to that jurisdiction. Budgeting is a unified series of steps to line and implement four functions: ❑ policy development – as policy instrument, CEO and legislative body need to articulate the goals, objectives and strategies that underline the budget – the flip side

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    Budget

    strategic goals and objectives. The output from financial planning takes the form of budgets. The most widely used form of budgets is Pro Forma or Budgeted Financial Statements. The foundation for Budgeted Financial Statements is Detail Budgets. Detail Budgets include sales forecasts, production forecasts, and other estimates in support of the Financial Plan. Collectively, all of these budgets are referred to as the Master Budget. We can also break financial planning down into planning for operations

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    Budget

    1. Introduction and Background of Budget The Capital Budget of the public sector or sometimes also known as Public Budget concerns how the government plans its revenues and expenditures at the Federal level, State level, and Local government level, to carter for the needs of its development programs and projects. In a democratic society, the division of resources between the public and private sectors is roughly determined by the desires of the electorate. But because it’s such a complex and time-consuming

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    Budget

    problems they have identified from unmonitored costs and budgets (D3) a) Using the budget completed in P6, identify, analyse and evaluate the key costs which were left unmonitored. b) Evaluate which unmonitored cost will lead to (or may not lead) to severe problems for Gordon Brown Ltd. Justify your answer and make three recommendations on how to overcome the problems Inadequate planning: As in most businesses, Gordon Browns budget will involve planning for both short and long term needs

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    Earnings Forecasts

    Earnings Forecasts: A Primer By Ben McClure AAA | investopedia.com Anyone who reads the financial press or watches CNBC on television will have heard the term "beat the street", which really just means to beat Wall Street earnings forecasts. Wall Street analysts' consensus earnings estimates are used by the market to judge stock performance. Here we offer a brief overview of the consensus earnings and what they mean to investors. What are Consensus Earnings? Consensus earnings estimates

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    The Uk Currently Has a Budget Deficit of £80bn. It Is Forecast to Fall to £0 over the Next 5 Years. Discuss Whether the Uk Government Should Either Raise Taxes or Cut Government Spending to Ensure That the Budget Is Balanced

    The UK currently has a budget deficit of £80bn. It is forecast to fall to £0 over the next 5 years. Discuss whether the UK government should either raise taxes or cut government spending to ensure that the budget is balanced. A budget deficit is a state of financial health in which expenditure exceeds revenue and it usually results in the government having to borrow money. They government can use fiscal policy to correct the deficit and ensure that a balance is kept however, it also depends on

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    Budget

    Personal Budget Exercise – MS Excel For a review of the complete rubric used in grading this exercise, click on the Assignments tab, then on the title Personal Budget (Excel) click on Show Rubrics if the rubric is not already displayed. Creating a spreadsheet to track personal expenses is an excellent use of Microsoft Excel. For this exercise, you will create a spreadsheet to enter a personal budget and track actual expenses for the year. You may choose to use real data or create a fictitious

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    Budgets

    and expenditures must be accounted for in a line-item budget. Totals of all expected revenues must equal totals of all expenditures. The line-item budget allows spending to be monitored in relation to amounts allocated but does not provide information that can be used to determine efficiency, effectiveness, productivity, or quality. A business manager, accountant, or bookkeeper typically has responsibility for monitoring a line-item budget. As funds are spent they are accounted for within the

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    Budget

    Personal Budget Exercise – MS Excel For a review of the complete rubric used in grading this exercise, click on the Assignments tab, then on the title Personal Budget (Excel) click on Show Rubrics if the rubric is not already displayed. Creating a spreadsheet to track personal expenses is an excellent use of Microsoft Excel. For this exercise, you will create a spreadsheet to enter a personal budget and track actual expenses for the year. You may choose to use real data or create a fictitious

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    Budgets

    spending for the month is $112.88 - $123.64. The reason we are discussing this as a topic is because most startup companies get tax credits when they offer benefit incentives on covering gas mileage for their workers. This means that when they set a budget for this they get a kickback towards the end of the year when it comes to filing their claims. With a company of say 15 employees, offering them a $150.00 flex amount for covering things such as gym memberships, excessive mileage, and also RTD passes

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    Budget

    Who needs Budget? In today’s vast and expensive world in order to survive it has become very vital to have some savings especially to meet the needs on the rainy day. In order to do so it is important that every individual, family, small scale business or large scale business needs to budget their earnings or there inherits so as to meet the needs in future, or to expand and grow or to prosper. Every company or firm should have a budgeting system where the company plans to meet all the departments

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    Cash Budget

    The importance of cash budget may be summarised as follow:-(1) Helpful in Planning. Cash budget helps planning for the most efficient use of cash. It points out cash surplus, or deficiency at selected point of time and enables the management to arrange for the deficiency before time or to plan for investing the surplus money as profitable as possible without any threat to the liquidity. (2) Forecasting the Future needs. Cash budget forecasts the future needs of funds, its time and the amount well

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    Budget

    Sample Budget Notes and Guidance – from the Global Sustainable Tourism Alliance Program NAME OF ORGANIZATION PROJECT NUMBER AND NAME OF GSTA COUNTRY PROGRAM SAMPLE BUDGET NARRATIVE TO BE ADAPTED TO SPECIFIC PROPOSAL SITUATION Organization Name is pleased to provide its cost proposal in response to GSTA’s RfA… The budget for the proposed period of support is estimated for xxx months with a projected period of performance through dates. The following provides

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    Budget

    Virginia Society of Certified Public Accountants Introduction • Selecting the budget committee • The task of the budget committee • Setting budget priorities and realities — revenues • Setting budget priorities and realities — expenses and costs • When to prepare the budget • A budget for cash flow • A budget for capital expenditures — bought or received • Restricted grants • Changes to the budget • Conclusions Introduction Nonprofit organizations (NPO) wrestle continually

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    Budget

    dijadikan dasar untuk bersaing yang baik. Selanjutnya perencanaan promosi bisnis agar orang-orang tau ini loh jasa yang bisa kita berikan. Misal dengan membuat leaflet, pamflet, promosi dari mulut ke mulut, spanduk, radio, arisan,. Tetapkan juga nominal budget promosi, seberapa sering dan cara yang paling efektif untuk menunjang bisnis secara konsisten. PRICING STRATEGY Perlu juga diamati apakah pangsa pasar yang ada berorientasi pada kualitas produk atau pada harga. Bandingkan pula dengan harga kompetitor

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    Budget

    UNION BUDGET 2012-13 16 March 2012 INTRODUCTION The Indian Government finds itself in an unenviable economic position at the current moment. First, the tight monetary policy adopted by the RBI in the past months has led to a dip in GDP growth rates, from the 9% figure projected in the previous budget to a modest 6.9%. Second, there has been an increase in the fiscal deficit, which can be explained by lower than expected revenue collections from taxes (due to slowing growth), low disinvestment

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    Budget

    Key Features of Budget 2012-2013 http://indiabudget.nic.in Key Features of Budget 2012-2013 APPROACH TO THE BUDGET  For Indian economy, recovery was interrupted this year due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan. GDP is estimated to grow by 6.9 per cent in 2011-12, after having grown at 8.4 per cent in preceding two years. India however remains front runner in economic growth in any cross-country

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    Budget

    Prelude The Union Budget for 2012-13 (FY13) is to be presented in the Parliament on 16th March. As every year, the budget will be an event that would signal the direction set forth for the growth path of the economy. Global as well as the domestic investors would also be looking for signals. The attempt of the government to push

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    Budget

    THE FEDERAL BUDGET 2011 ECONOMY – Deficit of $49.4b in 2010-2011 and $22.6b in 2011-12. - Real GDP growth forecast at 4% in 2011-2012, 3.75% in 2012-13. - 2.25% growth + 4.75% unemployment rate. Forecast to be 4.5% in mid-2013. - Half a million jobs to be created by mid 2013. - Cash surplus of $3.5b by 2012-13. - $362.1b govt expenditure, Govt expects to raise $342.4b in revenue next financial year. - $22.6b cut in savings over 4 years. Largely due to natural disasters

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    Budgets and Forecasts

    Introduction Budgets and Forecasts are predictions of future income and expenses and cash flow. They also predict future performance with financial forecasts and projections and with financial models. Why Budget and Forecast? Budgets and forecasts provide a feasibility analysis. They can help develop a business model, review the company’s key assumptions, and identify resource and capital needs. Budgets and forecasts can be used to find funding. They demonstrate the potential of the business

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    Budget

    The Taka 1917.38 billion proposed budget for the forthcoming fiscal, 2012-13, is sized at 18.1 per cent of the country's gross domestic product (GDP) that is projected to do grow at 7.2 per cent during the year. There are challenges and risks, both domestic and external, that do provide some strong reasons for being not much optimistic at this stage about achieving this growth performance. That does not mean that the growth target itself is overambitious. The actual performance of the Bangladesh

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