Budget Account


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Budget Account

An individual bank account into which one deposits funds sufficient only to cover one's recurring expenses. For example, at the beginning of the year, one may deposit funds to cover annual rent, health insurance, cell phone bills and so forth. These expenses are automatically debited each month as they come due.
References in periodicals archive ?
Making sure that all household bills are charged to the budget account by standing order or direct debit, I then arrange for the average monthly outlay to be transferred from my current account to my budget account on the same day my modest salary is received.
The ruling Democratic Party of Japan's administration reform panel compiled plans Thursday to reduce the number of special budget accounts to 11 from 17 and of ''independent'' administrative institutions to 65 or fewer from the current 102, or by roughly 40 percent.
The main opposition Democratic Party of Japan on Thursday presented to the Diet a counterproposal against the government's administrative reform bill, featuring stricter rules on bid-rigging involving public projects and abolishing most of the government's special budget accounts.
Tapping valves and pipe related materials used for tap construction are purchased from the Inventory Budget account.
The project will be developed on a plot area of 321,350sqm and the budget accounts for $107m.
The bank said, 'The operations of the Federal Treasury in the form of acquiring foreign currency for 2015 budgetary expenses, including for the repayment of foreign debt, were reflected in the budget accounts of the Bank of Russia but were not taken into account by the domestic foreign exchange market.
The federal budget accounts for around 10 per cent of the consolidated UAE budget and is allocated mainly towards development and social welfare services at the federal level.
NNA - 9/3/2012 - Information Minister Walid Daouk told reporters that the Cabinet has designated Prime Minister Najib Mikati to prepare a draft proposal to end the logjam over the controversial budget accounts.
The federal budget accounts for around 15 per cent of total government expenditures in the UAE, with the bulk occurring at the level of individual emirates.
A spokesman said about $500 million must be shifted from other budget accounts to cover a shortfall.
Japan to consolidate 31 special budget accounts into 17
In the environmental sciences, The EPA makes up only 4% of total federal support, while EPA's life sciences budget accounts for less than 1%.