Session DWhat is a budget?
1 Introduction
How would you feel if you were never sure if you would be paid on pay-day or not?
To ensure that you do get paid on the right day, your organization needs to plan and to control the ways in which it spends and receives money so that enough cash is available to pay wages and salaries when due. The organization draws up a plan indicating how it expects money to flow in and out. This plan is better known as a budget.
You probably do the same at home, planning how to use your income. You budget, your employer prepares a budget and, of course, the country as a whole budgets.
Each year, the Chancellor of ...
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