What is the definition of a Public Budget?

• A plan of action to control the administrative cycle, meeting foreseen goals, expressed in values and financial terms.

• The projection of income and expenses, allocating resources to achieve the purpose for which the institution was created.

• A tool to control, plan, measure, analyze, act, and control business activities to maximize utilities.

• A master plan for sales, inventories, production, expenses, investment, financing, cash flow, and projected financial statements.

How is a Private Budget defined?

• The projection of income and expenses, allocating resources to achieve the purpose for which the institution was created.

• A plan of action to control the administrative cycle, meeting foreseen goals, expressed in values and financial terms.

• To satisfy a social need for the community, without profit motives.

• To comply with laws, regulations, norms, manuals, budgetary policies, guidelines, instructions, circulars, agreements, among others.

What is the primary objective of a Public Budget?

• To control, plan, measure, analyze, act, and control business activities to maximize utilities.

• To establish policies, objectives, goals, timelines, and responsibilities.

• To satisfy a social need for the community, without profit motives.

• To project income and expenses, allocating resources to achieve the institution's purpose.

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What is the definition of a public budget?

• An action plan to control the administrative cycle, meeting foreseen goals, expressed in values and financial terms.

• The projection of income and expenses, allocating resources to achieve the institution's purpose.

• A master plan including sales, inventories, and production.

• A set of policies, objectives, and goals established for a specific period.

What is the primary objective of a private budget?

• To satisfy a social need for the community, without profit motives.

• To comply with laws, regulations, and budgetary policies.

• To control, plan, measure, analyze, act, and control company activities to maximize profits.

• To consolidate income and expenses for functioning, investment, and debt.

What governs the normative and legal framework for a public budget?

• Established policies, objectives, goals, time, and responsible parties.

• Compliance with laws, regulations, norms, manuals, budgetary policies, guidelines, instructions, circulars, and agreements.

• A master plan for sales, inventories, and production.

• The projection of income and expenses to achieve the institution's purpose.

Which elements are part of the elaboration logistics for a private budget?

• Consolidated income and expense budget with functioning, investment, and debt.

• Summary of investment based on expected results.

• Sales, inventories, production, expenses, investment, financing, cash flow, and projected financial statements.

• Laws, regulations, norms, and budgetary policies.