A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending.

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.

In summary, the purpose of budgeting is to:

Budget 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. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:

The process of calculating the costs of starting a small business begins with a list of all necessary purchases including tangible assets (for example, equipment, inventory) and services (for example, remodeling, insurance), working capital, sources and collateral. The budget should contain a narrative explaining how you decided on the amount of this reserve and a description of the expected financial results of business activities. The assets should be valued with each and every cost. All other expenses are like labour factory overhead all freshmen expenses are also included into business budgeting.

William Richard "Bill" Shorten (born 12 May 1967) is an Australian politician, the Member for Maribyrnong in the Australian Parliament, Minister for Employment and Workplace Relations, and Minister for Financial Services and Superannuation. He was Assistant Treasurer in the first Gillard Ministry and the Parliamentary Secretary for Disability and Children's Services in the Rudd/Gillard Government 2007–2010. He is a former Victorian State President of the Australian Labor Party, a long-time member of the right-wing Labor Unity faction, and a former Secretary of the Australian Workers' Union (AWU).

Bill Shorten was born in Melbourne, where his father was a waterside worker and union official. His mother was a lawyer and university academic. He was educated at Xavier College (a Roman Catholic school) and Monash University, where he graduated in arts and law. During his time at Monash, Shorten was a founding member of Young Labor Network, a right wing Labor youth caucus. He also holds an MBA from the Melbourne Business School, an unusual qualification for a trade union official.

Narendra Damodardas Modi (Gujarati: નરેન્દ્ર મોદી; born 17 September 1950) is the current Chief Minister of the Indian state of Gujarat. Born in a middle class family in Vadnagar, he was the third of six children born to Damodardas Mulchand Modi and his wife Heeraben. He has been a member of the Rashtriya Swayamsevak Sangh (RSS) since childhood also having interest in politics since adolescence. He holds a master's degree in political science. In 1998, he was chosen by L. K. Advani, the leader of the Bharatiya Janata Party (BJP), to direct the election campaign in Gujarat as well as Himachal Pradesh.

He became Chief Minister of Gujarat in October 2001, promoted to the office at a time when his predecessor Keshubhai Patel had resigned, following the defeat of BJP in the by-elections. His tenure as chief minister of Gujarat began on 7 October 2001, and he is the longest serving Chief Minister of the state of Gujarat. In July 2007 he became the longest serving Chief Minister in Gujarat's history when he had been in power for 2063 days continuously. He was elected again for a third term on 23 December 2007 in the state elections, which he had cast as a "referendum on his rule".