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 ?
Over the years EC Harris (part of the Arcadis Group) has carried out a number of specialist property portfolio inspections across the region to help building owners and facility managers with their medium to long-term budgets.
Riano and his staff will work with the company's Asset Managers and board treasurers to develop annual and long-term budgets for the properties.
Drivers looking to save cash by choosing the best car for their long-term budgets have been consulting Total Cost of Motoring to gain an insight into current car values and future depreciation, fuel and servicing costs.
Reform may include putting programs on long-term budgets with caps, reining in program costs by targeting benefits to those who truly are in need, and bringing more choice and competition into Medicare and Medicaid.
There must also be a far greater emphasis on long-term budgets rather than current drip-feeding of schools through special grants.
Other messages included the continuing need for indirect cost support for university research, long-term budgets for granting councils and increased training stipends for both graduate and postdoctoral students.
At City Hall, the Finance Department relies on sales tax figures for annual and long-term budgets, but officials also use it as one tool in economic development, Havilland said.
She said: "Welsh problems demand Welsh solutions and that's why I'm considering raiding our long-term budgets if we have to.