Long-Range Budget

(redirected from Long Term Budgets)

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 ?
However, government will not discuss long term budgets until after the pilots.
Promises to end Wales' summer of discontent saying: "Welsh problems demand Welsh solutions and that's why I'm considering raiding our long term budgets if we have to.