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Budget
(redirected from budgeting)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
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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Finance Director Tom Campbell said the administration still plans to try to negotiate a large reduction, but is only budgeting for $40 million in savings.
When I realized my job was to know that type of information and saw the difference in costs, my appreciation for budgeting grew.
 
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