Receipts & Expenditure transactions of LBs for District Bilaspur Compiled by District Statistical Office Bilaspur, Himachal Pradesh.
The budget of LBs is a summary or plan of the intended revenues and expenditures of the LBs for the ensuing fiscal year. In modern industrial economies, the budget is considered as the key instrument for the execution of economic policies of Government. It also serves as an effective tool for ensuring administrative accountability & legislative control and above all a source for social audit in the present age of information and public awareness.
Because LBs budgets aim at economic growth in different sectors of the economy, it is a source of rich information for Economists, Researchers and State Income compilers. Therefore, budget analysis has come to occupy the centerstage in the process of estimation of State Income of the State.