Overview: Budget | ||
Function | ||
Definition | A financial plan for a government, organization, department, team, project, individual or activity for a period of time. | |
Value | Financial control and planning. | |
Related Techniques |
What is a Budget? John Spacey, updated on
A budget is a financial plan for a defined activity over a period of time. It may include plans for sales volumes, revenue, costs, expenses, assets, liabilities and cash flows. Budgets are typically focused on financial figures but can also use other measurements of resources.
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