1. It is not realistic to rewrite the budget to balance it unless there was the padding of the initial draft of the budget with in-built cushions.
2. A budget could not be easily balanced and changed unless it is still in the draft stage. Once a budget is approved, the budget holders perform within the budget constraints.
3. Whether a budget variance is favorable or unfavorable, some significant variances require investigation to discover the causes and enable remedial actions.
4. Thus, a balanced budget shows that the expenditures and revenues during the budget period are equal. A balanced budget is not always realistic.
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