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TABLE OF CONTENTS * Preface * Acknowledgements * Introduction to Budget ............................................ .......1 * Budget 1 * Purpose of Budget 1 * Role of The Budget 1 * Objectives of Budget Preparation 1 * Budget 2004 - 2005 ......................................................2 * Challenges 2 * Salient Features 3 * Comparative Budgetary Position 2003-04 & 2004-05 5 * Resource Position 2004-05 6 * Internal Resources 7 * External Resources 11 * Provincial Share In Federal Receipts 12 * Province-Wise Share 13 * Current Expenditure 14 * Budget At A Glance ........... ........................................21 * Receipts 21 * Expenditure 22 * Provincial Budget 2004-05 ........................................... 23 * Punjab Budget - Highlights 23 * Economic Analysis 2003 - 2004.........................................24 * The Economic Survey - Highlights 24 * Economy - Summary 30 * Conclusions........... .................................................. 34 * Bibliography ..............................................................35 PREFACE Macro-Economics is the study of the behavior of the economy as a whole. It it examines the forces that effect many firms, consumers, and workers at the same time. Macro-Economics deals with many challenges and to meet those challenges certain policies...

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