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 ?
Under its bill, the DPJ also proposed scrapping all but three of the government's 31 special budget accounts -- often regarded as hotbeds of wasteful spending.
Japan to consolidate 31 special budget accounts into 17
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.
Regarding the review of fiscal conditions, Kan said he intends to look into reserves held in various budget accounts dedicated to special purposes.
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.