Budget - Law Dictionary Search Results
Home Dictionary Name: budgetBudget
Budget, In U.K. budget is presented soon after the beginning of the financial year by the chancellor of exchequer. His annual financial statement known as Budget deals with resources of the country, estimates of probable income and expenditure and fresh tax proposals, Parliamentary Practice, Erskine May, 22nd Edn., 2001.Budget, is the annual estimate of revenue and expenditure of a country, Oxford Advanced Learner's Dictionary of Current English, A.S. Hornby, 2002, p. 155.Budget, is a periodic assessment of and programmes for national revenue and expenditure, proposed by Government and presented to Parliament, Chambers 21st Century Dictionary, p. 183.Budget, refer to the statement of the estimated receipts and expenditure of the Government of India known as annual financial statement, it is caused to be laid before both Houses of Parliament by the President in respect of every financial year on such day as he may direct, Constitution of India - Article 112, Rules of Procedure and Condu...
budget
budget a detailed record of all income earned and spent during a specific period of time. Source: U.S. Department of Housing and Urban Development ...
consolidated omnibus budget reconciliation act (cobra)
consolidated omnibus budget reconciliation act (cobra) A federal law that requires employers to allow employees to continue their health insurance coverage after termination, in the same insurance group, at the group rate, and providing the same benefits ...
Budget
A bag or sack with its contents hence a stock or store an accumulation as a budget of inventions...
Ensuing year
Ensuing year, means the financial year for which the budget is being presented, the Rajasthan Agricultural Produce Markets Act, 2005, s. 2(d).Means the financial year for which the budget is be-ing presented, the Rajasthan Fiscal Responsibilities and Budget Management Act, 2005, s. 2(d)....
Annual Financial Statement
Annual Financial Statement, means a statement made by the Minister-incharge of Finance in the legislature containing the probable income and expenditure of the Government for any year; familiarly known as Budget. Parliamentary Practice, Erskin May, 22nd Edn., p. 788.In U.K., this statement is made by the Chancellor of the Exchequer in the House of Commons when he has completed his estimate of the probable income and expenditure for the financial year, Parliamentary Practice, Erskine May, 22nd Edn., p. 788.It contains his view of the resources of the country; it declares whether the burdens upon the people are to be increased or diminished, Parliamentary Practice, Erskine May, 22nd Edn., p. 788.The Annual Financial Statement or the Statement or the Statement of the Estimated Receipts and Expenditure of the Government of India in respect of each financial year, known as the 'Budget', is presented to Lok Sabha on such day as the President may direct, Rules of Procedure and Conduct of (Raj...
Fiscal indicators
Fiscal indicators, means such indicators as may be prescribed in either absolutes (in Rupees Crore) or as proportions to the Gross State Domestic Product or other magnitudes for the fiscal indicators, Rajasthan Agricultural Produce Markets Act, 2005, s. 2(g).Means such indicators as may be prescribed for evaluation of the fiscal position of the State Government, Rajasthan Fiscal Responsibility and Budget Management Act, 2005, s. 2(g).Means the measures such as numerical ceilings and proportions to gross state domestic product, as may be prescribed, for evaluation of the fiscal position of the State Government, Gujarat Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(d).Means the measures such as numerical ceilings, as may be prescribed, for evaluation of the fiscal position of the State Government, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(d).Means the measures such as numerical ceilings and proportion to gross domestic product, as may be ...
Revenue deficit
Revenue deficit, means difference between revenue expenditure and revenue receipts which indicates increase in liability of the State Government without corresponding increase in assets of the Government. [Gujarat Fiscal Responsibility Act, 2005, s. 2(g)]Means the amount of excess of revenue expenditure over revenue receipts in a financial year. [Rajasthan Agricultural Produce Market Act, 2005, s. 2(m)]Means the difference between revenue expediture and revenue receipts of the State Government [Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Prabandhanam Adhiniyam, 2005, s. 2(i)]Means the difference between revenue expenditure and revenue receipts which indicates increase in liabilities of the Central Government without corresponding increase in assets of that Govern-ment. [Fiscal Responsibility and Budget Manage-ment Act, 2003 (39 of 2003), s. 2(e)]...
approve
approve ap·proved ap·prov·ing : to give formal or official sanction to : ratify [Congress approved the proposed budget] ...
COBRA
COBRA Consolidated Omnibus Budget Reconciliation Act of 1986 see also Employee Retirement Income Security Act in the Important Laws section ...
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