What is a Budget? Definition

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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.

  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.

  Qudsiya Amatun Nayeem
Student (MBA), India
 

What is a Budget?

A budget generally refers to your financial resour...

  Arif ur Rehman
Professor, Pakistan
 

BUDGET - a Mnemonic / Acronym

You can see BUDGET as an acronym: B = Balanced U...

  K.Narayana Moorthy
HR Consultant, India
 

BUDGET as an Acronym

Mr. Arif ur Rehman's two points are highly relevan...

 

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