answersLogoWhite

0


Best Answer

Factors such as costs, taxes, staffing levels etc are always fluctuating therefore the budget needs to be revised to account for these aswell as any shortfalls that must be plugged from the previous year(s) budgets

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is it so important to draw up a budget annually?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why is a construction budget so important?

anal


How important is budget?

So we have our targets set and do not over spend.


What are functional budgets?

A functional budget is a budget that has a purpose and works well for the company or individual using the budget. Having a functional budget is important so finaces stay in order and are accurate.


Why is it important to learn how to sketch?

So you could learn to draw


Why is it important for people to make a budget?

A budget enables people to prioritize the most important things first. It also helps in management of money so as not to spend too much.


Why is it important to have a budget?

so you do not find yourself spending more money than you make.


Top 5 countries that have the largest military which is measured by the total number of active troops?

USAAnnual Defense Budget $515,000,000,000Military Personnel 1,385,000Population reaching military age annually 4,266,128Fighter Jets 22,700Navy Ships 1,600Purchasing power $13,780,000,000,00CHINAAnnual Defense Budget $59,000,000,000Military Personnel 2,255,000Population reaching military age annually 20,470,412Fighter Jets 2,400Navy Ships 760Purchasing power $7,099,000,000,000RUSSIAAnnual Defense Budget $43,000,000,000Military Personnel 1,245,000Population reaching military age annually 1,602,673Fighter Jets 6,500Navy Ships 525Purchasing power $2,097,000,000,000INDIAAnnual Defense Budget $33,000,000,000Military Personnel 1,325,000Population reaching military age annually 22,229,373Fighter Jets 1,250Navy Ships 145Purchasing power $2,966,000,000,000UKAnnual Defense Budget $53,000,000,000Military Personnel 195,000Population reaching military age annually 784,520Fighter Jets 2,670Navy Ships 140Purchasing power $2,130,000,000,000FRANCEAnnual Defense Budget $62,000,000,000Military Personnel 225,000Population reaching military age annually 783,788Fighter Jets 1,900Navy Ships 135Purchasing power $2,075,000,000,000GERMANYAnnual Defense Budget $46,000,000,000Military Personnel 250,000Population reaching military age annually 863,773Fighter Jets 1,100Navy Ships 130Purchasing power $2,807,000,000,000BRASILAnnual Defense Budget $24,000,000,000Military Personnel 287,000Population reaching military age annually 3,275,154Fighter Jets 1,650Navy Ships 90Purchasing power $1,849,000,000,000JAPANAnnual Defense Budget $44,300,000,000Military Personnel 378,000Population reaching military age annually 1,212,321Fighter Jets 2,700Navy Ships 150Purchasing power $4,272,000,000,000TURKEYAnnual Defense Budget $30,936,000,000Military Personnel 514,000Population reaching military age annually 1,298,979Fighter Jets 1,530Navy Ships 180Purchasing power $853,900,000,000Other strong armies not in top 10:PakistanNorth KoreaIndonesiaItalyIranAnd so on...This information was taken from one source so take the numbers as estimates.


Why is it important to produce simple 'crates' when sketching?

so that it is easier to draw the plan needed to be drawn


Why is it important to astronomers to be able to draw a scale model of the solar system?

so that they know the distance of the planets


Why is it important for doctors to know your blood type?

so they can draw the blood type and save someones life


How do I draw?

on draw so cute


Why is buget important?

Budgeting is important so that the allotted money is not spent before the debts are paid. Having enough money to cover expenses is done by setting up a budget.