Course information

This course on Budgeting provides students with a systematic understanding of the meaning, concepts, objectives, features, importance, and process of budgeting. It introduces students to different approaches to budgeting, including participatory, bottom-up, and top-down approaches, and explains the classification of budgets based on different criteria.

The course further focuses on Budgeting in the Indian Context, covering the evolution of the budgetary system in India and the processes of budget preparation, enactment, execution, and control. Students are introduced to the Indian Government Budget, its structure, major components, and the role of budgeting in public financial management.

The course also helps students understand budgeting and forecasting, enabling them to relate budgeting concepts to practical economic and administrative situations. Through learning activities, examples, quizzes, discussions, and assessments, students develop the ability to understand, interpret, and apply basic budgeting concepts in the Indian context.

Overall, the course is designed to provide B.A. Economics students with foundational knowledge and practical understanding of budgeting, enabling them to appreciate its importance in financial planning, resource allocation, government expenditure, accountability, and economic management.