The budget is all the income, all the money that exists in a particular community, as well as its costs for its functioning. It doesn't matter which community is meant. The laws for calculating the budget are approximately the same.
Instructions
Step 1
So, in order to calculate the budget, you need to draw up a plan that will include budget items, that is, those types of income that come to the community and the items of expenditure of this budget. Each community has its own budget revenue items. In the family budget, they are made up of the wages of both parents, pension and child benefits, and other types of income (income from renting out living space, income from the sale of home-made products or household items, etc.). If the matter concerns a certain enterprise, then revenues to its budget are made up of income from the activities of the enterprise, the sale of products of production, income from the sale of shares of the enterprise, etc. and others. State revenues are generated from tax and non-tax revenues.
Step 2
The excess of budget income over its expenditure is called a surplus. The excess of budget expenditures over income is a deficit. As already mentioned, in order to calculate the budget deficit, it is necessary to draw up a budget plan. For example, to calculate the family's budget, take a notebook and enter in it all the expected income for the month - wages, your and your half, child benefits (if any), etc. Add these amounts. It is this record that will be the source of income for your budget.
Step 3
The expense items of your budget are: payments for utilities, expenses for food, clothing, payment for various training courses, payment of a loan, tax payments, payment for kindergarten, etc. Add these amounts.
Step 4
Compare the amounts received. If the amount of income exceeds the amount of expenditure, then there is a surplus in your budget. And this is good - it means you can set aside a certain amount for vacation or for the purchase of some piece of furniture or a car.
Step 5
But if the amount spent on your budget exceeds the amount of its income, then you have a budget deficit and you are living beyond your means. It is necessary either to increase income (change a job for a higher-paying one, find additional work, etc.), or cut costs (buy less expensive clothing, food, etc.). The amount of the excess of budget expenditures over its revenues will be the amount of the budget deficit.
