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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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Anyone who is seriously committed to getting his or her financial act together can make significant strides by taking advantage of the wisdom of a financial adviser. Because, according to analysts as well as executives from both companies, Los Angeles-based Spelling has gotten its financial act together, having undertaken a dramatic restructuring that already is increasing revenues and turning red ink into black. Reluctant to disclose the specifics of her situation, Florence acknowledged to her fiance that she had more debt than she was comfortable with and she was determined to get her financial act together. |
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