A
budget is a financial plan for a defined period of time, usually a
year. It may also include planned sales volumes and revenues, resource
quantities, costs and expenses, assets, liabilities and cash flows.
Companies, governments, families and other organizations use it to
express strategic plans of activities or events in measurable terms.
A
budget is the sum of money allocated for a particular purpose and the
summary of intended expenditures along with proposals for how to meet
them. It may include a budget surplus, providing money for use at a
future time, or a deficit in which expenses exceed income.
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