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Definition: budget from Philip's Encyclopedia

Plan for the financial expenditure of an individual, corporation or government, matching it against expected income. National budgets determine the level of direct and indirect taxation against projected expenditure and economic growth. The complexity of modern trade and finance has sometimes forced governments to make two or more budgets in a single year.


budget

From The Columbia Encyclopedia
inclusive list of proposed expenditures and expected receipts of any person, enterprise, or government for a specified period, usually one year. Budget estimates are based on the expenditures and receipts of a similar previous period, modified by any expected changes. The governmental budget originated during the late 18th cent. in England. In the United States, the president was not required to submit an annual federal budget estimate until the passage (1921) of the Budget and Accounting Act. According to the act, the president must annually submit to Congress a budget that shows the condition of the Treasury at the end of the last completed fiscal year, its estimated condition at the end of the current fiscal year, and its estimated condition at the end of the ensuing year if the budget proposals are carried out; the revenues and expenditures during the last completed year and the estimates thereof for the current year; recommendations of provisions for meeting the revenues and…
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Full text Article budget

From Collins Dictionary of Business
Budget. Development of budgets.
a firm's predetermined plan (expressed in quantitative or financial terms) for a given future period. The sales budget is generally compiled with the aid of sales forecasts and shows quantities and values of planned sales broken down by product group, area and type of customer. The linked selling…
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Full text Article budget

From Word Origins
Originally, a budget was a ‘pouch’. English got the word from Old French bougette , which was a diminutive form of bouge ‘leather bag’ (from which we get bulge ) This came from Latin bulga , which may have been of Gaulish origin (medieval Irish bolg ‘bag’ has been compared). The word's financial…
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Full text Article budget

From The Columbia Encyclopedia
inclusive list of proposed expenditures and expected receipts of any person, enterprise, or government for a specified period, usually one year. Budget estimates are based on the expenditures and receipts of a similar previous period, modified by any expected changes. The governmental budget…
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Full text Article budget

From The Macquarie Dictionary
an estimate, often itemised, of expected income and expenditure, or operating results, for a given period in the future. Plural: budgets noun sometimes upper case /'bxd57t/, /'bujuht/ estimates of government income and expenditure. Plural: budgets a plan of operations based on such an estimate. …
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Full text Article budget

From A/V A to Z: An Encyclopedic Dictionary of Media, Entertainment and Other Audiovisual Terms
1 . An estimate of how much money one expects to spend on a project; the amount of money allocated or set aside for a project; the actual amount spent on a project. Budgets often go through several revisions, including: Estimated budget : A rough budget with approximate production costs based on…
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Budgets
Budgeting is probably the element of finance that has most impact on the time of non-financial managers and for this reason most of them have at least some knowledge of the subject. Of course, some non-financial managers resent this time commitment and see budgeting as an unproductive chore. It can…
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Full text Article budget

From The American Heritage(R) Dictionary of the English Language
a. An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them: submitted the annual budget to Congress. b. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period: A new car will not be…
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Full text Article BUDGETING

From Dictionary of Leisure Studies
It is vital that all businesses have a plan so that they can make effective decisions and exercise control over management operations. A budget is simply a plan expressed in financial terms. Budgets may often be prepared in summary format by illustrating income and expenditure streams on a monthly…
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Full text Article Budgets

From Teach Yourself: The Ultimate MBA Book
Budgets
Budgeting is probably the element of finance that has most impact on the time of non-financial managers and for this reason most of them have at least some knowledge of the subject. Of course, some non-financial managers resent this time commitment and see budgeting as an unproductive chore. It can…
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Full text Article BUDGETS

From Historical Dictionary of Russian and Soviet Intelligence
The Soviet intelligence services never published their budgets. The only benchmark is a statement by Leonid Shebarshin that while the Central Intelligence Agency (CIA) had a budget of $30 billion, the KGB 's budget was only 5 million hard-currency rubles, about $8 million, at the end of the Cold War…
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