(1) The Board shall decide upon the appropriations, and the ways and means contained in the Budget. Three copies of the Budget as passed by the Board shall be sent to the Government.
(2) In such Budget estimate among other things, the Board shall,-
(a) make adequate and suitable provisions for such service as may be required for the fulfillment of the several duties imposed on the Board by the Act and these rules;
(b) provide for the payment, as they fall due of all installments of the principle and interest for which the Board may be liable in respect of loans contracted by it;
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(c) provide for the payment of all sums payable to the Government and other Government agencies, for which the Board may be liable; and
(d) allow for a balance at the end of the said year of not less than such sum as may be required to meet the establishment charges for a period of three months.