Question

• Why is an executive summary of a budget important as a tool for communicating with the public?

Answer 1

A budget is an estimate of income and expenditure that a Government will incur during a financial year. Public are always keen to know how their tax amount is used, either it is used for public welfare or simply wasted. It is very difficult to present the whole budget before the public, also difficult for the public to digest the full length budget documents. An executive summary of the budget is very clear and concise and present the important points of the whole budget which is very helpful while communicating with public. It recaps important information from the whole document. In the executive summary of the budget, it is essential to mention that things what the public needs to know. An executive summary of the budget encourages public to know more about the governments' income and expenditure and taxed dollar. It saves time of both public and government when executive summary of budget is used as a communicating tool with the public, also it is easy for the public to remember the key points from the summary. Public can also participate in budget by expressing their opinion and this can only be possible when they have a clear idea about the budget.