The budget!!!!
The newly appointed government in india declared the annual budget. Budget an exercise of resource allocation. Government has income and expenditure just like any functional organization. Major part of the income comes from the tax payer. How this income is allocated to different developmental projects. Most governmental development projects are not for profits. But the thing created by the project has to be maintained for its sustained use. A budget is also a planning exercise which needs lots of foresight. There are both allocation for yearly projects and continued input to long term projects. How does a governmental budget contrast a corporate budget? ROI for each budget allocation component is critical for corporate. There are various scenarios. New investments, continued investments, short term profits - corporates are measured by quarterly results - hence a balance between long term and short term allocations is very critical. The 3 major activities of a corporation are operatin