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 ?
City sources said there may not be a legal requirement for a public vote of the City Council because the money could be found in existing budget accounts.
In total, this NRE budget accounts for the Interior Department and the Environmental Protection Agency, along with huge chunks of the Departmentof Agriculture and portions of the Departments of Commerce and Defense.
Perini's master budget accounts for all of the processes and inventory needed to open Morongo Casino Hotel Resort, including furniture, hotel artwork, restaurant equipment, dishes, maintenance equipment, staff uniforms, bedding, guest room amenities, towels, and office items right down to the number of pencils and pens required.
He noted that the link between the approval of the Budget and the auditing of budget accounts will take the greatest margin of discussions of the Parliament's General Assembly.
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.
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.
The utilities expect to recover a substantial portion of its accounts receivables through budget accounts and payment programs with its customers.
He pointed out that "the salary scale page has been folded in conjunction with reaching a temporary solution to the auditing of budget accounts so as to approve the budget soon," stressing that "it is in no one's interest to tamper with the Lebanese economy.
Bassil reiterated the FPM's constant position regarding the need to endorse auditing budget accounts in accordance with norms.
Minister Hassan Khalil said that he briefed the President on the already accomplished stages by the Finance Ministry in relation to state budget and auditing of budget accounts project.
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.