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Business Dictionary :
Budget
Budget
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Budget : noun : plan of expected spending and income (usually for one year)
• To draw up a budget
• We have agreed the budgets for next year.
Advertising Budget = money planned for spending on advertising
Cash Budget = plan of cash income and expenditure
Overhead Budget = plan of probable overhead costs
Publicity Budget = money allowed for expected expenditure on publicity
Sales Budget = plan of probable sales
The Budget = the annual plan of taxes and government spending proposed by a finance minister
• The minister put forward a budget aimed at boosting the economy
• To balance the budget = to plan income and expenditure so that they balance
• The president is planning for a balanced budget.
Budget Account (In a bank) = bank account where you plan income and expenditure to allow for periods when expenditure is high by paying a set amount each month
Cheap Budget Department (In shops) = cheaper department
Budget Prices = low prices