Budget

Budget, forecast of expenditures and revenues for a specific period of time.

As a planning document, a budget enables businesses, governments, private organizations, and households to set priorities and monitor progress toward selected goals.


To achieve budgetary objectives, it may be necessary to set aside savings (surpluses) or to borrow from outside sources (deficits).


The personal or family budget is a financial plan that helps individuals to balance income and expenses.


A business budget is generally used as a tool to formulate intelligent decisions on the management and growth of a business venture.


The most complicated budgetary process involves a government budget, which is a plan for the collection and expenditure of monies needed to carry out the social, military, and economic policies of an administration.