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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.


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u Allocating $20 million in federal stimulus money to the state's main budget account.
Transferred $18,000 from available funds to the fiscal `09 Highway Personal Service Budget Account to pay severance and retirement benefits stemming from a collective bargaining agreement with an employee forced to take a disability retirement as a result of a work-related injury.
Japan to consolidate 31 special budget accounts into 17 TOKYO - The Japanese government plans to gradually consolidate its 31 special budget accounts into 17 from April next year to help reduce wasteful spending, Finance Ministry officials said Wednesday.
 
 
 
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