Define the objective of budgeting and budgetary control.

Budgeting and budgetary control are essential aspects of power distribution management, ensuring efficient financial planning, resource allocation, and cost control. Their primary objective is to achieve financial stability while maintaining service quality and operational efficiency.  

The objective of budgeting in power distribution is to plan financial resources effectively. It involves estimating revenues and expenditures for a specific period, ensuring that funds are available for infrastructure maintenance, expansion, and operational needs. Budgeting helps in forecasting financial requirements, reducing unnecessary expenses, and maintaining a balance between income and expenditure. In power distribution, budgeting ensures that investments in substations, transformers, transmission lines, and metering systems are appropriately allocated to improve efficiency and reduce losses.  

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