Long-Range Budget

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Long-Range Budget

A budget with a term usually longer than one year. A long-range budget involves more uncertainty than a short-term budget because, typically, market movements and the business cycle are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to ensure sustainable profitability. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it.
References in periodicals archive ?
iForecast can project an asset/liability model up to 20 years in advance, determining cash costs and future accounting expenses or income, enabling the plan sponsor to develop realistic long term budget planning strategies.
The temporary pact is intended to keep the government open and running through the middle of November, the deadline by which time the GOP and White House must work out a long term budget agreement dealing with federal entitlement spending in order to avert a federal default or bankruptcy.
European leaders meeting in Brussels yesterday and today are aiming to reach an agreement on the long term budget and, as part of that, will also be discussing some CAP policy issues that are still undecided.
The real solution to the city's long term budget issues is to increase Irving's commercial tax base," said Margulies.
Peterson Foundation, will engage in a timely and educational discussion about possible solutions to America's long term budget challenges.
It's time that the IHSS program be recognized for what it is - part of the state's long term budget solution - not problem - as in-home care:
As energy costs continue to escalate, our organization sought to procure energy at a price that could meet our immediate and long term budget needs.
BTA provides powerful financial planning and management programs for improved and predictable asset management and long term budget forecasting of both capital and expense requirements focused on "reducing the cost" of real property ownership.
Long term budget projections of the Congressional Budget Office show a core imbalance between revenues and expenditures.
Until this moment Birmingham City Council will have been basing its cuts and long term budget on trying to cope with a funding gap of PS610 million by 2017.
Wales desperately needs long term budget and support in investment in sustainable jobs and communities through European funding mechanism.
THE cut to the EU's long term budget for 2014-20 agreed by the heads of government for the first time in history will mean the Common Agricultural Policy (CAP) will also be reduced.