honwet

1. A budget is an essential management tool for any
business. It is a component of a plan and forecast for a
period of time. The period could be annual, quarterly or
monthly, and the budget details how the over-all plan
will be financially executed. Budget control can greatly
assist with the daily operation and future growth of a
business.
Provides a time frame required to control finances.
Provides a set of standards for performance
evaluation.

2. The allocation for the Ministry of Road Transport and
Highways has seen a 68% increase with ₹1,99,107.71 crore
set aside for it in the Union Budget 2023.
The hike of ₹81,006 crore for the Ministry has been almost
entirely earmarked for investments in NHAI, which has seen a
133% increase from ₹57,350 crore in last year’s Budget to
₹1,34,015 crore this year.
The Minister also said the government will also finalise its plan
for expressways in 2022-2023 under the PM Gati Shakti
programme..

3. Since COVID has tempered private sector appetite for buying out large
infra assets, sector analysts had estimated that gross budgetary support
towards the infrastructure sector had to increase by 15-20 percent with
focus on roads, railways.
The budgetary allocation to the newly set-up development finance
institution – National Bank for Financing Infrastructure and
Development.
The Finance Minister said that the national highway network will be
expanded by 25,000 km in 2022 - 2023 and Rs 20,000 crore in funds
will be mobilised in addition to budgetary resources.