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Home > QFINANCE Dictionary > Definition of budget

Definition of

budget

Treasury Management

statement of predicted income and expenditure a quantitative statement, for a defined period of time, that 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.

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Definitions of ’budget’ and meaning of ’budget’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’budget’ and other financial terms with our online QFINANCE Financial Dictionary.

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