budget line

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Budget Line

An item in a budget. For example, the amount of money a company expects to spend in manager salaries may be listed as a budget line.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Budget lineclick for a larger image
Fig. 19 Budget line. If a consumer has an income of £10 and the price of good X is 50 pence and the price of good Y is £1, he can buy 20 units of X or 10 units of Y, or some combination of both, for example 10 units of X and 5 units of Y The slope of the budget line measures the relative prices of the two goods.

budget line

or

consumption possibility line

a line showing the alternative combinations of goods that can be purchased by a consumer with a given income facing given prices. See also CONSUMER EQUILIBRIUM, REVEALED PREFERENCE THEORY, PRICE EFFECT.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
They also said the passing of the document would illegally overshoot expenditure in some budget lines by more than 10 per cent.
Kiambu Governor Ferdinand Waititu has found himself in the eye of a political storm triggered by some rather bizarre budget lines discovered in the county government's audited books.
But the Tories' Shadow Finance Secretary Nick Ramsay argued that the Welsh Government's continual changes to Budget lines meant there was no opportunity to consistently scrutinise spending year on year.
After a spike in May, annual gains in both major budget lines (revenues and spending) normalised to 8.3% and 10.2%, respectively, last month.
Going against the Council's position and paving the way for a clash, the European Parliament's Committee on Budgets (BUDG) unanimously voted, on 21 June, to use 0.73 billon out of the 1.5 billion surplus in the 2011 EU budget to reinforce payments in budget lines relating to research and cohesion policy, where they foresee a shortfall later during the year.
Parliamentary wranglings over individual budget lines meant that the Statistical Service was unable to gather tourism data in March this year (with possibly serious consequences for the measurement of other statistics such as GDP).
Moreover, the group recommends ensuring that budget lines dedicated to financing e-health are responsive in order to adapt quickly to situations.
In addition, selectmen tapped a number of budget lines for a complete freeze that they say have not been used or have been used very little.
The Group's Chairman, Christian Kjaer, argues that "if the Commission is capable of creating specific budget lines for coal and nuclear power, it should also be able to do so in respect of renewables".
This presentation of our budget lines is exactly the same as in previous years and by now should be fully familiar to Assembly Members.
In April, the EFTA Working Group on Budgetary Matters has an informal exchange of views with the Commission regarding the preparation of the preliminary draft EEA bud-get and the inclusion of new budget lines sous reserve.

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