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Budget |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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Budget An estimation of the revenue and expenses over a specified future period of time. A budget can be made for a person, a family or a group of people, a business, government, country or multinational organization or just about anything else that makes and spends money. Budgets are a microeconomic concept that show the tradeoff made when one good is exchanged for another. Notes: A surplus budget means profits are anticipated a balanced budget means revenues are expected to equal expenses and a deficit budget means expenses will exceed revenue. Budgets are usually compiled and re-evaluated on a periodic basis. Adjustments are made to budgets based on the goals of the budgeting organization. In some cases, budget makers are happy to operate at a deficit, while, in other cases, operating at a deficit is seen as financially irresponsible.Budget A detailed pro forma schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. |
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? Mentioned in | ? References in periodicals archive | |
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With a $7billion annual budget threatened by declining revenue and legal questions over existing taxes, Los Angeles' top budget adviser said the city needs to make sure it has money on hand before undertaking any new initiatives. Previously, Corso held the position of Integrity Control Officer, where he oversaw four sub-units with a $68 million annual budget and monitored 35 facilities with over 1,000 employees. As the big three work on a macro level to lobby politicians, corporate leaders, entertainers, and other influential movers and shakers as well as pour millions of dollars--HRC has an annual budget of around $30 million--into wide-ranging research and initiatives, the "micro" group featured on these pages are delivering on their laser-focused missions. |
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Annual budget