What is a Budget? Definition




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nura, hargeisa

What is a Budget? Definition

What precisely is a budget? Let's collects some good definitions here.
According to Wikipedia, 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. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.
 

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Jeroen van de Graaf, Netherlands
 

What Precisely is a Budget?

An estimate of costs, revenues and resources over a specified period, reflecting a reading of future financial conditions and goals.
One of the most important administrative tools, a budget serves also as a plan of action to achieve quantified objectives, as a standard to measure performance and as a device for coping with foreseeable adverse situations.

 
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Qudsiya Amatun Nayeem
Student (MBA), India
 

What is a Budget?

A budget generally refers to your financial resources which you pre-plan for a specific area over a ... Sign up

 
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Arif ur Rehman
Professor, Pakistan
 

BUDGET - a Mnemonic / Acronym

You can see BUDGET as an acronym: B = Balanced U = Utilization D = Doables G = Get E = Effectiv... Sign up

 
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K.Narayana Moorthy
HR Consultant, India
 

BUDGET as an Acronym

Mr. Arif ur Rehman's two points are highly relevant for a business project budgeting in terms of one... Sign up

   

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