Budget meaning: What is a Budget

What is a Budget ? A budget is a financial plan that outlines the expected income and expenses for a defined period. In business context, Budget can be a roadmap guiding resource allocation to achieve organizational goals and objectives efficiently. It also includes assumptions of future fund needs, setting spending limits, and minimizing debt. A well-structured budget provides a clear picture of income and expense sources, which helps keep track of expenses to maintain financial stability ... In this article, we’ll explain the meaning of budget , explore its types, examine its objectives, and highlight its role in economics, personal finance, and business management. Understand what a budget is, its importance, and the differences between balanced, surplus, and deficit budgets. Ideal for students and finance enthusiasts. A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms. [1] Preparing a budget ...