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Budget Sequestration In 2013
A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms. Preparing a budget allows companies, authorities, private entities or families to establish priorities and evaluate the achievement of their objectives. To achieve these goals it may be necessary to incur a deficit (expenses exceed income) or, on the contrary, it may be possible to save, in which case the budget will present a surplus (income exceed expenses). In the field of commerce, a budget is also a financial document or report that details the cost that a service will have if performed. Whoever makes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calculation
A calculation is a deliberate mathematical process that transforms a plurality of inputs into a singular or plurality of outputs, known also as a result or results. The term is used in a variety of senses, from the very definite arithmetical calculation of using an algorithm, to the vague heuristics of calculating a strategy in a competition, or calculating the chance of a successful relationship between two people. For example, multiplying 7 by 6 is a simple algorithmic calculation. Extracting the square root or the cube root of a number using mathematical models is a more complex algorithmic calculation. Statistical estimations of the likely election results from opinion polls also involve algorithmic calculations, but produces ranges of possibilities rather than exact answers. To ''calculate'' means to determine mathematically in the case of a number or amount, or in the case of an a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Future
The future is the time after the past and present. Its arrival is considered inevitable due to the existence of time and the laws of physics. Due to the apparent nature of reality and the unavoidability of the future, everything that currently existence, exists and will exist can be categorized as either permanent, meaning that it will exist forever, or temporary, meaning that it will end. In the Western culture, Occidental view, which uses a linear conception of time, the future is the portion of the projected timeline that is anticipated to occur. In special relativity, the future is considered absolute future, or the future light cone. In the philosophy of time, Philosophical presentism, presentism is the belief that only the present existence, exists and the future and the past are reality, unreal. Religions consider the future when they address issues such as karma, afterlife, life after death, and eschatology, eschatologies that study what the end of time and the end of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Veto
A veto is a legal power to unilaterally stop an official action. In the most typical case, a president (government title), president or monarch vetoes a bill (law), bill to stop it from becoming statutory law, law. In many countries, veto powers are established in the country's constitution. Veto powers are also found at other levels of government, such as in state, provincial or local government, and in international bodies. Some vetoes can be overcome, often by a supermajority vote: Veto power in the United States, in the United States, a two-thirds vote of the United States House of Representatives, House and United States Senate, Senate can override a presidential veto.Article One of the United States Constitution#Clause 2: From bills to law, Article I, Section 7, Clause 2 of the United States Constitution Some vetoes, however, are absolute and cannot be overridden. For example, United Nations Security Council veto power, in the United Nations Security Council, the five per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Senate
The Senate of the Philippines () is the upper house of Congress, the bicameral legislature of the Philippines, with the House of Representatives as the lower house. The Senate is composed of 24 senators who are elected at-large (the country forms one district in senatorial elections) under a plurality-at-large voting system. Senators serve six-year terms with a maximum of two consecutive terms, with half of the senators elected in staggered elections every three years. When the Senate was restored by the 1987 Constitution, the 24 senators who were elected in 1987 served until 1992. In 1992, the 12 candidates for the Senate obtaining the highest number of votes served until 1998, while the next 12 served until 1995. This is in accordance with the transitory provisions of the Constitution. Thereafter, each senator elected serves the full six years. From 1945 to 1972, the Senate was a continuing body, with only eight seats up every two years. Aside from having its concurren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Budget And Management
The Department of Budget and Management (DBM; ) is an Executive departments of the Philippines, executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals. The department has four undersecretaries and four assistant secretaries. History At the beginning of the 20th century, the Second Philippine Commission, acting as a legislative body, enacted appropriations measures for the annual expenditures of the government. This was in accordance with the Philippine Bill of 1902, which decreed that disbursements from the national treasury were to be authorized only in pursuance of appropriations made by law. With the passage of the Jones Law in 1916, the Philippine Legislature was set up with two chambers: the Philippine Senate and the House of Representatives of the Philippines, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zero-based Budgeting
Zero-based budgeting (ZBB) is a budgeting method that requires all expenses to be justified and approved in each new budget period. It was developed by Peter Pyhrr in the 1970s. This budgeting method analyzes an organization's needs and costs by starting from a "zero base" (meaning no funding allocation) at the beginning of every period. The intended outcome is to assess the efficient use of resources by determining if services can be provided at a lower cost. However, the saving comes at the expense of a complete restructuring every budget cycle. Although used at least partially in both government and the private sector, there is some doubt whether ZBB has ever been utilized to its fullest extent in any organization. Description The zero-based budgeting method requires all expenses to be justified and approved in each new budget period, typically each year. The method analyzes an organization's needs and costs by starting from no funding allocation (a ''zero base'') at the begi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
P C Mahalanobis
Prasanta Chandra Mahalanobis Order of the British Empire, OBE, Indian National Science Academy, FNA, Indian Academy of Sciences, FASc, Fellow of the Royal Society, FRS (29 June 1893 – 28 June 1972) was an Indian scientist and statistician. He is best remembered for the Mahalanobis distance, a statistical measure, and for being one of the members of the Planning Commission (India), first Planning Commission of free India. He made pioneering studies in anthropometry in India. He founded the Indian Statistical Institute, and contributed to the design of large-scale sample surveys. For his contributions, Mahalanobis has been considered the Father of statistics in India. Since 2007, every year June 29 is celebrated as National Statistics Day in India to commemorate the birth anniversary of P.C. Mahalanobis and his contributions to statistical science and planning. Early life Mahalanobis was born on 29 June 1893, in Calcutta, Bengal Presidency (now West Bengal). Mahalanobis belonged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Wilson (civil Servant)
Sir James Wilson, (27 February 1853 – 22 September 1926)WILSON, Sir James’, Who Was Who, A & C Black, an imprint of Bloomsbury Publishing plc, 1920–2016 was a British civil servant in British India, where he spent most of his career in the Punjab. After his return to the United Kingdom he was a senior civil servant under the Board of Agriculture and Fisheries, representing the country at the International Institute of Agriculture. He was also an author of books on dialects and folklore, in India and in Scotland. Career Wilson was born in 1853, the son of Rev. John Wilson, DD, minister and historian of Dunning, Perthshire. He was educated at Perth Academy, the University of Edinburgh and at Balliol College, Oxford. He entered the Indian Civil Service in 1873, and arrived in India in November 1875 to take up the position of assistant commissioner and settlement officer in Punjab Province, where he stayed for most of his career in India. He officiated as under secretary to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of India
The president of India (ISO 15919, ISO: ) is the head of state of the Republic of India. The president is the nominal head of the executive, the first citizen of the country, and the commander-in-chief, supreme commander of the Indian Armed Forces. Droupadi Murmu is the 15th and current president, having taken office on 25 July 2022. The office of president was created when Constitution of India, India's constitution came into force and it became a republic on Republic Day (India), 26 January 1950. The president is indirect election, indirectly elected by an electoral College (India), electoral college comprising both houses of the Parliament of India and the state Legislative Assembly (India), legislative assemblies of each of States and union territories of India, India's states and territories, who themselves are all directly elected by the citizens. s:Constitution of India/Part V#Article 53 %7BExecutive power of the Union%7D, Article 53 of the Constitution of India stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nirmala Sitharaman
Nirmala Sitharaman (born 18 August 1959) is an Indian economist, politician and a senior leader of the Bharatiya Janata Party (BJP) serving as the Minister of Finance and Minister of Corporate Affairs of the Government of India since 2019. She is a member of the Rajya Sabha, the upper house of the Indian Parliament, representing Karnataka since 2016 and previously represented Andhra Pradesh from 2014 to 2016. Sitharaman previously served as the 28th Defence Minister from 2017 to 2019, thereby becoming India's second female defence minister and the second female finance minister after Indira Gandhi, and the first full-time female minister to hold each of those portfolios. Sitaraman presented the union budget 8 times, making her second only to Morarji Desai to present the most number of budgets. She served as junior minister in the Modi ministry between 2014 and 2017, holding successive positions, first for her dual appointment as the Minister of State in the Ministry of Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (India)
The Ministry of Finance (IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of the Republic of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget. The Ministry of Finance is the apex controlling authority of ''four'' central civil services namely Indian Revenue Service, Indian Audit and Accounts Service, Indian Economic Service and Indian Civil Accounts Service. It is also the apex controlling authority of one of the central commerce services namely Indian Cost and Management Accounts Service. History Sir Ramasamy Chetty Kandasamy Shanmukham Chetty KCIE (17 October 1892 – 5 May 1953) was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947. Department of Econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Management And Budget
The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP). The office's most prominent function is to produce the president's budget, while it also examines agency programs, policies, and procedures to see whether they comply with the president's policies and coordinates inter-agency policy initiatives. Russell Vought is the current director of the OMB since February 2025. History The Bureau of the Budget, OMB's predecessor, was established in 1921 as a part of the United States Department of the Treasury, Department of the Treasury by the Budget and Accounting Act of 1921, which President Warren G. Harding signed into law. The Bureau of the Budget was moved to the Executive Office of the President of the United States, Executive Office of the President in 1939 and was run by Harold D. Smith during the government's rapid expansion of spending during World War II. James L. Sundquist, a staffer at the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
