How funds in a given period will be obtained and spent is:

How funds in a given period will be obtained and spent is: Options: (a) Allocation (b) Expenditure (c) Budget (d) Receipt ✅ Correct Option: (c) Budget Explanation: A budget is a financial plan that shows how funds will be obtained and spent during a specific period. It estimates income and allocates resources to various activities and needs. In education, budgeting ensures proper utilization of funds and helps institutions achieve objectives efficiently. Budgeting involves forecasting income, estimating expenditures, and prioritizing needs. It serves as a tool for planning, control, and accountability. Related 10 PPSC Facts: 1. Budget is a financial plan. 2. Budgeting supports planning. 3. Income and expenditure are estimated. 4. Budget ensures financial control. 5. Annual budget is common. 6. Budget prevents overspending. 7. Educational budgeting improves efficiency. 8. Budget reflects priorities. 9. Budget aids decision-making. 10. Accountability depends on budgeting.