Abstract
This chapter deals with the different budget allocation techniques used by various nations and particularly the Republic of India. Different countries used different methods of funds distributed among their several sectors. To allocate money in the budget different countries pay heed over Defense, Education, and Health Care. They provide a considerable sum of money to these three areas. Except this government employs relatively little amounts of funds in other departments. For budget allocation governments of different countries use different methods like Ranking & Selection, Incremental Budget, and Pareto Optimal. The government aims for overall better development in all aspects. The objective of this chapter is to put forward different budget allocation techniques in front of readers so that one can understand the pros and cons of a particular method and can able to use a technique for a complete budgeting problem.
Keywords: Equal Allocation (EA), Genetic Algorithm (GA), Growth Rate, Optimal Computing Budget Allocation (OCBA).
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