AN ECONOMY WITHOUT A BUDGET

For an economy to achieve it’s goal, it is pre-determined at it’s effective performance at the least possible cost. One mechanism to embark it’s budget is the budget. The growth of any organization is determine by planning. Planning helps in deciding ahead of the future on what to do, how to do it, when to do it and who to do it. The success of any organization lies on planning. Therefore planning means the setting of organizational goals and the means of achieving it. An economy without a plan has fail to plan. Budgeting system guides the planning process.