Sant Nischal Singh Public School

PPT presentationOn

Comparing budgets of countries India ,USA and china.

Submitted by:- Submitted to:-Abhishek ,Sagar, Mrs. Anjana mamSamar (subject in charge)

ContentsWhat exactly budget means? ImportanceExploring budget of IndiaHow budget is helpfulHow complex is budget of USAFocuses on economyBudget structure of chinaFacts and figures of China budgetComparing and analyzingPie charts

What exactly budget means?

A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms.

ImportanceBudget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. Other essentials of budget include: To control resources To communicate plans to various responsibility center

managers. To motivate managers to strive to achieve budget goals. To evaluate the performance of managers To provide visibility into the company's performance For accountability

Exploring budget of India

India ,a country of population 1.25 billion .The budget plan for next one year is a plan that can take the country to a new extent. Therefore the ministers who will make our budget had to face common challengesHere are some:-

� Getting back to potential growth rate of 8 percent is the challenge facing the country. Slowdown in Indian economy has to be seen in the context of �� �� �slowing global economic growth from 3.9 per cent in 2011 to 3.2 per cent in 2012. High growth rate can again be achieved through cooperation.�� �

Budget can be very helpful for that particular community ,minorities, or a person engaged in different activities.

HOW?

HOW BUDGET IS HELPFUL?

Let explore more:-

97,134 crore allocated for programmers relating to women and ` 77,236 crore allocated for programmes relating to children.

A sum of ` 110 crore to the Department of �� �Disability Affairs for ADIP scheme in 2013-14 against RE 2012-13 of ` 75 crore.

Health for all and education to all remains priority.

` 4,727 crore for medical education, training and research.

` 27,258 crore provided for Sarva Shiksha Abhiyaan (SSA).

Mid Day Meal Scheme (MDM) to be �� �provided ` 13,215 crore.

For women

and children

For disabled

INVESTING IN

HEALTH AND

EDUCATION

�� � ` 15,260 crore allocated to Ministry of Drinking Water and Sanitation.

` 1,400 crore provided for setting-up of �� �� �water purification plants in 2000 arsenic - and 12000 fluoride-affected rural habitations.

Average annual growth rate of agriculture and allied sector was 3.6% during XI Plan against 2.5% and 2.4% in IX and X plans respectively.

In 2012-13, total food-grain production �� �� �will be over 250 million tonnes. Minimum support price for every agricultural produce has increased significantly under the UPA Government.

Agricultural research provided ` 3,415 �� �� � �� �� �crore.

For water

For farmersIn agriculture

How complex is budget of USA ?

So far, we have studied that budget of India is quite complex because of its heavy population ,ministers had to face challenges but in USA it is quite opposite in spite of its economy level and being a most developed country of the world.Therefore the budget of USA is quite simple but effective. They include every citizen working in any field.So let us know more about basic structure of budget of USA.

LET US KNOW MORE

When the President took office, the economy was losing over 700,000 private sector jobs a month, and experiencing the worst two quarters of growth since the end of World War II. Due to swift action taken by the President shortly after taking office, the Nation avoided what could have been a second Great Depression—and has now experienced 22 consecutive months of private sector job growth, with 3.2 million jobs created. In just the first few months of 2009, the President’s strong leadership produced a Recovery Act to bolster American families against the worst of the crisis, as well as a rescue of the auto industry and the stabilization of our financial system which, together, prevented our economy from spiraling into a deep depression.

Focuses on economy

Budget structure of ChinaBeing the most populous country of the world and the country which has high economy growth rate.BEIJING, March 5 (Xinhua) -- The Ministry

of Finance, on behalf of the State Council,

on Tuesday submitted a report on the

implementation of 2012 central and local

budgets and on the draft budgets for 2013

to the first session of the 12th National

People's Congress, China's top legislature.

Facts and figures of China budget• -- The 2013 central budget allocates 720.168 billion yuan for national

defense, up 10.7 percent from the previous year.• -- The appropriation for education in central budget is 413.245 billion

yuan, up 9.3 percent.• -- The appropriation for science and technology in the central budget is

252.991 billion yuan, up 10.4 percent.• -- The appropriation for culture, sports, and media in the central budget

is 54.054 billion yuan, up 9.3 percent.• -- The appropriation for medical and health care in the central budget is

260.253 billion yuan, up 27.1 percent.• The appropriation for social security and employment in the central

budget is 655.081 billion yuan, up 13.9 percent.• -- The appropriation for guaranteeing adequate housing in the central

budget is 222.991 billion yuan, up 5.3 percent from the budgeted figure and down 14.3 percent.

Comparing and analyzingRank Country Revenues

(million USD)

Expenditures

(million USD)

Deficit/surplus(million

USD)

Deficit/surplus

(%)

Date

1 United States 

2,902,000 3,803,000 -901,000 -31.00 % 2013 est.

3  China 1,646,000 1,729,000 -83,000 -4.80 % 2011 est.

14  India  210,000 302,000 -92,000 -30.5% 2013 est.

Thank you