Budget

What does it Mean? An estimation of the revenue and expenses over a specified future period of time. A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money. A budget is a  microeconomic concept that shows the tradeoff made when one good is exchanged for another.
Investopedia Says... A surplus budget means profits are anticipated, while a balanced budget means that revenues are expected to equal expenses. A deficit budget means expenses will exceed revenues. Budgets are usually compiled and re-evaluated on a periodic basis. Adjustments are made to budgets based on the goals of the budgeting organization. In some cases, budget makers are happy to operate at a deficit, while in other cases, operating at a deficit is seen as financially irresponsible.

Terms Related Links

Capital Budgeting
Cash Budget
Chasing Nickels Around Dollar Bills
Expense
Man-Year
Revenue
Revenue Deficit
Small and Midsize Enterprises - SME
Static Budget
Zero Based Budgeting

Terms Related Links
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