BNET Business Dictionary
Business Definition for: Budget
- a quantitative statement, for a defined period of time, which may include planned revenues, expenses, assets, liabilities, and cash flows. A budget provides a focus for an organization, as it aids the coordination of activities, allocation of resources, and direction of activity, and facilitates control. Planning is achieved by means of a fixed master budget, whereas control is generally exercised through the comparison of actual costs with a flexible budget.
- the U. K. Government's annual spending plan, which is announced to the House of Commons by the Chancellor of the Exchequer. The Government is legally obliged to present economic forecasts twice a year, and since the 1997 general election the main Budget has been presented in the Spring while a Pre-Budget Report is given in the Autumn. This outlines government spending plans prior to the main Budget, and also reports on progress since the last Budget.
Wiktionary Definition for: Budget
- of, or relating to a budget
- appropriate to a restricted budget
- Ex:''We flew on a '''budget''' airline.''
- Amount of money or resources earmarked for a particular activity or time-frame.
- An itemized summary of intended expenditure
- To construct or use a budget
Additional Resources
- Worrying About 2011's Defense Budget
- The way the Federal budget process works is that the current year budget is being executed after being passed by Congress on or about October 1st of the previous year. The next year's budget is on Capitol Hill to be reviewed and voted on by Congress, and the budget...
- Blog posts 2009-06-08
- U.S. budget deficit seen topping $1 trillion in 2009
- By Jeremy Pelofsky and David Lawder WASHINGTON (Reuters) - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan. The Congressional Budget...
- News items 2009-08-07
- Defense budget portends difficult trade-offs
- The Obama administration's request for $538 billion for the Defense Department in fiscal 2010 and its stated intention to maintain a high level of funding in the coming years put the president on track to spend more on defense, in real dollars, than any other president has in one term...
- News items 2009-08-13
- Obama Releases Top Line for Defense Budget
- The Defense budget is built from the bottom up with several levels of review and shaping. The services prepare their budgets in the Spring with each Chief of Staff prioritizing spending and ultimately coming to a top line for the service. These are submitted to the Secretary of...
- Blog posts 2009-02-27
- The U.S. Labor Force And The Defense Budget
- Over the last twenty years there has been a significant expansion of jobs related to the defense budget. Not only are there many manufacturing and highly technical maintenance and repair jobs linked to the U.S. defense spending on large procurement programs but there are also many high-paying technical jobs...
- Blog posts 2009-07-07
- NASA budget too slim to reach moon by 2020
- A White House panel charged with reviewing NASA's exploration plans has dropped any hope of sending astronauts directly to Mars and found the space agency's budget too slim to accomplish its goal of returning humans to the moon by 2020. After more than six hours of public deliberation on Wednesday,...
- News items 2009-08-13
- Budget Entry Sheet
- This is a template for budget entry. Budget generally refers to a list of all planned expenses and revenues. The information in this template explains the budget that is intended as a projected budget for the second year of this budget period. It contains a summation of the funds that...
- Tools & templates 2005-02-03
- Bush budget gives FCC 15% boost. (Federal Communications Commission to receive an additional 15% budget allocation under Pres. Bush's adminsitration)(Government)
- Bush Budget Gives FCC 15% Boost WASHINGTON -- The FCC stands to receive a hefty 15 percent increase in its budget, to $133.4 million from its current $115.8 million, under President Bush's budget for fiscal year 1992, which begins Oct. 1. ...
- Research articles 1991-02-11
- The great budget stalemate.(Congress fails to pass budget on time)
- Republican leaders promised this past spring that they would pass the fiscal year 2000 budget on time. It was not. The House Speaker acknowledged that there is no way to to pass the budget on time so a stop-gap budget has been passed to cover a three-weekRepublican leaders promised this...
- Research articles 1999-10-02
- Back To The Future: Bush Budget Busts The Bank, Says TCS; Reduced Revenues, Spending Will Send Nation Down Slippery Slope Of Budget Deficits
- WASHINGTON, Feb. 4 /U.S. Newswire/ -- The Bush Administration's proposed $2.13 trillion federal budget with its massive new spending will lead us into a new era of budget deficits, charges Taxpayers for Common Sense, a national budget watchdog organizatioWASHINGTON, Feb. 4 /U.S. Newswire/ -- The Bush Administration's proposed $2.13 trillion...
- Research articles 2002-02-04
- A Collapse of Budget Discipline? Center on Budget and Policy Priorities Conference Call Briefing
- News Advisory: WHAT:"A Collapse of Budget Discipline?" Center on Budget and Policy Priorities Conference Call Briefing WHEN:Tuesday, Oct. 111 a.m. ET WHO:-- Leon Panetta, former director, Office of Management and Budget-- Richard Kogan, senior fellow, Center on Budget and Policy Priorities-- Robert Greenstein, executive director, Center on Budget and Policy...
- Research articles 2002-09-27
- Center on Budget and Policy Priorities to Offer Expert Analysis, Commentary on New CBO Budget and Economic Forecast Jan. 26
- News Advisory: The Center on Budget and Policy Priorities CBPP will offer expert analysis and commentary on new Congressional Budget Office CBO Budget and Economic Forecast. WHO: -- Robert Greenstein, CBPP executive director -- Joel Freidman, CBPP senior fellow WHAT: Media availability following release of the Congressional Budget...
- Research articles 2004-01-23
- Senate budget puts city priorities on top.(Senate Republicans submit their own $1.73 trillion version of the 1999 budget, which includes funding for the Intermodal Surface Transportation Efficiency Act)(Brief Article)
- The Senate GOP responded to the President's budget priorities with its own blueprint last week, reporting out a $1.73 trillion 1999 budget resolution to the full Senate that calls for a balanced federal budget and dedicates some $146 billion in surpluses over the next five years...
- Research articles 1998-03-23
- Local priorities undercut in budget blueprint; plan breaks commitment to balance.(Chairman John Kasich of the House Budget Committee submits a late budget proposal that would violate budget rules and federal laws)(Brief Article)
- House Budget Committee Chairman John Kasich (R-Ohio) last week said it could be June before he can put together a budget blueprint for consideration by the full House--nearly two months after the date required by federal law. After months of indecision over spending...
- Research articles 1998-05-04
- All Signs Indicate Pressure To Mount On Defense Budget
- New reports highlight the fact that the Obama Administration will have a hard time continuing heavy investment in procurement programs in future years defense budgets. The 2011 and out budgets have yet to be released even at the top line and there is concerns being raised that they will...
- Blog posts 2009-08-13
- Winning The Battle Of The Budget
- World-class companies are adding significant value to the budget process through linkage with their long-range strategic plan and by focusing on bottom-line performance. A key to success is obtaining management's buy-in. The budget process is a lot like the federal government nobody really owns all of it. At most companies,...
- White papers 2003-01-01
- The Budget Rate: Linking Risk Management to Business Management
- In this paper, to demonstrate the importance of both linking budget rates and hedging and phasing-in hedges, the consequences of hedging foreign currency revenue streams back into USD under three alternative hedging strategies. In each case, the budget rate is based on the rates of the forward contracts executed to...
- White papers 2000-02-15
- Federal budget becoming huge senior program.(Brief Article)(Statistical Data Included)(Editorial)
- The federal budget gradually is being transformed into a benefits program for senior citizens. Federal spending on the elderly now consumes 35% of the budget, based on Congressional Budget Office data. This is up from 29% in 1990, 24% in 1980 and ...
- Research articles 2001-01-22
- Budget provides $7.6 billion for EPA.(TOP OF THE NEWS)(Environmental Protection Agency )(Brief Article)
- President Bush's 2006 budget provides $7.6 billion for Environmental Protection Agency and its partners across the nation. EPA acting administrator Steve Johnson announced the budget on Feb. 7. The budget supports the Agency's work of protecting publ President Bush's 2006 budget provides $7.6 billion for ...
- Research articles 2005-03-01
- As figured, Bush ag budget DOA to Congress.(Department of Administration)
- Both the House and the Senate are marking up fiscal year FY 2006 budget resolutions after the Congressional Budget Office CBO issued its evaluation of the White House budget proposal. From all indications, neither the House nor the Senate is will Both the House and the...
- Research articles 2005-03-12
