Long-Range Budget

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Long-Range Budget

A budget with a term usually longer than one year. A long-range budget involves more uncertainty than a short-term budget because, typically, market movements and the business cycle are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to ensure sustainable profitability. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it.
References in periodicals archive ?
They need and deserve thoughtful long-term budgets that will enable them to plan ahead and do the important work of keeping our nation safe, managing our land and water, and meeting the needs of our citizens.
Drivers looking to save cash by choosing the best car for their long-term budgets have been consulting Total Cost of Motoring to gain an insight into current car values and future depreciation, fuel and servicing costs.
At the federal level, long-term budgets face a challenging fiscal climate.
Reform may include putting programs on long-term budgets with caps, reining in program costs by targeting benefits to those who truly are in need, and bringing more choice and competition into Medicare and Medicaid.
Other messages included the continuing need for indirect cost support for university research, long-term budgets for granting councils and increased training stipends for both graduate and postdoctoral students.
She said: "Welsh problems demand Welsh solutions and that's why I'm considering raiding our long-term budgets if we have to.