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There are many budgeting models. We have the following:

Traditional budgeting;
Zero Based budgeting;
Output Based budgeting;
Incremental Budgeting;
Formula based budgeting;
Program budgeting;
Responsibility Centered Budgeting

Moving forward, there have been some who advocated WITHOUT budgeting as budgeting takes too much time and utilized too much manpower hence forecasting is a better answer.

However whatever budgeting model it is to be successful, we must [...]