Budget meaning: Budget is the policy to be followed

Budget is the policy to be followed during the budget period for the attainment of specified organisational objectives. Definition of Budget According to CIMA Terminology, a budget is “A plan expressed in money. It is prepared and approved before the budget period and may show income, expenditure, and the capital to be employed. BUDGET meaning : 1 : an amount of money available for spending that is based on a plan for how it will be spent often used before another noun; 2 : a plan used to decide the amount of money that can be spent and how it will be spent A budget is an estimation of revenue, expenses, or changes in finances over a specified future period. Learn about corporate and personal budgeting, static and flexible budgets, and how to create and use a budget . Understand what a budget is, its importance, and the differences between balanced, surplus, and deficit budgets. Ideal for students and finance enthusiasts.