What is budget?

  • (noun): A sum of money allocated for a particular purpose.
    Example: "The laboratory runs on a budget of a million a year"
    See also — Additional definitions below

Budget

A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending.

Read more about Budget.

Some articles on budget:

Angus King - Political Positions - Government Reform
... King supports the principle of the No Budget, No Pay Act, to prevent members of Congress from being paid until a budget is passed, but would seek a requirement that any passed budget "works" and is not simply a bad ...
Congressional Budget And Impoundment Control Act Of 1974
... The Congressional Budget and Impoundment Control Act of 1974 (Pub.L ... law that governs the role of the Congress in the United States budget process ...
Finance Act
... In the UK, the Chancellor of the Exchequer delivers an annual Budget speech on Budget Day, outlining changes in spending, as well as tax and duty ... For example, changes to the law as a result of Gordon Brown's 2004 Budget form the Finance Act 2004 ...
Metropolitan Transportation Authority (New York) - Budget Issues
... The budget deficit of the MTA is a growing crisis for the organization as well as New York city and state residents and legislature ... also suffers from a $900 million gap in its operating budget for 2011 ...
Budget Types
... Sales budget – an estimate of future sales, often broken down into both units and dollars ... Production budget – an estimate of the number of units that must be manufactured to meet the sales goals ... The production budget also estimates the various costs involved with manufacturing those units, including labor and material ...

More definitions of "budget":

  • (verb): Make a budget.
  • (noun): A summary of intended expenditures along with proposals for how to meet them.
    Example: "The president submitted the annual budget to Congress"

Famous quotes containing the word budget:

    You can fool all the people all the time if the advertising is right and the budget is big enough.
    Joseph E. Levine (b. 1905)

    A budget takes the fun out of money.
    Mason Cooley (b. 1927)

    The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.
    William Howard Taft (1857–1930)