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See more words from the same century. See the full definition for budget in the English Language Learners Dictionary. Translation of budget for Spanish Speakers.
Translation of budget for Arabic Speakers. Encyclopedia article about budget. What made you want to look up budget?
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The awkward case of 'his or her'. Or something like that. Test your visual vocabulary with our question challenge! Noun force , fund , inventory , pool , repertoire , reservoir , stock , supply Synonyms: Verb arrange , blueprint , calculate , chart , choreograph , design , frame , lay out , map out , organize , plan , prepare , project , scheme out , shape , strategize about Synonyms: Adjective affordable , bargain-basement , cheap , cheapie , cheapo , chintzy , cut-rate , inexpensive , low , low-end , popular , reasonable Antonyms: Adjective costly , dear , deluxe , expensive , high , high-ticket , precious , premium , pricey also pricy , valuable Visit the Thesaurus for More.
Examples of budget in a Sentence Noun What's the average weekly budget for a family of five? The film has a million-dollar budget. We'll have to work out a budget so we can buy a new car.
Verb They budgeted millions of dollars to make the film. If we budget carefully, we will be able to go on the trip.
I need to learn how to budget my time more wisely. A budget is a fundamental tool for an event director to predict with a reasonable accuracy whether the event will result in a profit, a loss or will break-even.
A budget can also be used as a pricing tool. There are two basic approaches or philosophies, when it comes to budgeting.
One approach is telling you on mathematical models, and the other on people. The first school of thought believes that financial models, if properly constructed, can be used to predict the future.
The focus is on variables, inputs and outputs, drivers and the like. Investments of time and money are devoted to perfecting these models, which are typically held in some type of financial spreadsheet application.
The other school of thought holds that it's not about models, it's about people. No matter how sophisticated models can get, the best information comes from the people in the business.
The focus is therefore in engaging the managers in the business more fully in the budget process , and building accountability for the results.
The companies that adhere to this approach have their managers develop their own budgets. While many companies would say that they do both, in reality the investment of time and money falls squarely in one approach or the other.
The budget of a government is a summary or plan of the intended revenues and expenditures of that government. There are three types of government budget: The budget is prepared by the Treasury team led by the Chancellor of the Exchequer and is presented to Parliament by the Chancellor of the Exchequer on Budget Day.
It is customary for the Chancellor to stand on the steps of Number 11 Downing Street with his or her team for the media to get photographic shots of the Despatch Box , immediately prior to them going to the House of Commons.
Once presented in the House of Commons it is debated and then voted on. Minor changes may be made however with the budget being written and presented by the party with the majority in the House of Commons the Government , the Whips will ensure that it is passed as written by the Chancellor.
The federal budget is prepared by the Office of Management and Budget , and submitted to Congress for consideration. Invariably, Congress makes many and substantial changes.
Nearly all American states are required to have balanced budgets , but the federal government is allowed to run deficits.
The Finance Minister is the head of the budget making committee. The present Indian Finance minister is Arun Jaitley. The Budget includes supplementary excess grants and when a proclamation by the President as to failure of Constitutional machinery is in operation in relation to a State or a Union Territory, preparation of the Budget of such State.
The first budget of India was submitted on 18 February by James Wilson. James Wilson is known as the father of Indian budget. The Philippine budget is considered the most complicated in the world, incorporating multiple approaches in one single budget system: There are two types of budget bill veto: A personal budget or home budget is a finance plan that allocates future personal income towards expenses , savings and debt repayment.
Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using and adjusting a personal budget.
For example, jobs are an income source, while bills and rent payments are expenses. There are many informational sites and software available for use in personal and family budgeting.
From Wikipedia, the free encyclopedia. Financial Internal Firms Report. Accountants Accounting organizations Luca Pacioli. For the rental car company, see Budget Rent a Car.
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