Budget Account


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Budget Account

An individual bank account into which one deposits funds sufficient only to cover one's recurring expenses. For example, at the beginning of the year, one may deposit funds to cover annual rent, health insurance, cell phone bills and so forth. These expenses are automatically debited each month as they come due.
References in periodicals archive ?
Making sure that all household bills are charged to the budget account by standing order or direct debit, I then arrange for the average monthly outlay to be transferred from my current account to my budget account on the same day my modest salary is received.
The ruling Democratic Party of Japan's administration reform panel compiled plans Thursday to reduce the number of special budget accounts to 11 from 17 and of ''independent'' administrative institutions to 65 or fewer from the current 102, or by roughly 40 percent.
The main opposition Democratic Party of Japan on Thursday presented to the Diet a counterproposal against the government's administrative reform bill, featuring stricter rules on bid-rigging involving public projects and abolishing most of the government's special budget accounts.
Tapping valves and pipe related materials used for tap construction are purchased from the Inventory Budget account.
In 2017 local budget revenues increased to UAH 192 billion, meanwhile, the balances on local budget accounts remained at the level of last year, and according to the updated data provided by the State Treasury Service of Ukraine totaled UAH 54.
BRASILIA, Jumada II 28, 1437, April 06, 2016, SPA -- The rapporteur of a Congressional impeachment committee said on Wednesday there were grounds for impeaching Brazilian President Dilma Rousseff for allegedly manipulating budget accounts in 2014 to boost her reelection prospects, according to Reuters.
The project will be developed on a plot area of 321,350sqm and the budget accounts for $107m.
The bank said, 'The operations of the Federal Treasury in the form of acquiring foreign currency for 2015 budgetary expenses, including for the repayment of foreign debt, were reflected in the budget accounts of the Bank of Russia but were not taken into account by the domestic foreign exchange market.
The UAE federal budget accounts for only around 11 percent of overall fiscal spending in the UAE, with individual emirates accounting for the rest.
The unified budget, or consolidated budget, includes the revenues and outlays of all budget accounts, including federal funds and trust funds, regardless of whether they are designated in law as on-budget or off-budget.
The federal budget accounts for around 15 per cent of total government expenditures in the UAE, with the bulk occurring at the level of individual emirates.
A spokesman said about $500 million must be shifted from other budget accounts to cover a shortfall.