What is a Budget? Definition

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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. (...) Read more? Sign up for free

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		Jeroen van de Graaf
	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 (...)