Definition of the budget?

A budget is a financial plan that outlines an organization's or individual's expected income and expenses over a specific period of time. It serves as a roadmap for managing and allocating resources effectively to achieve financial goals. Budgets can be created for various purposes, such as personal finances, business operations, or government spending.

A budget is a financial plan that details how an individual or organization intends to allocate its resources over a specified period of time. It involves estimating revenues and expenses, and allocating resources accordingly to achieve specific financial goals. The purpose of a budget is to ensure efficient and responsible use of resources, monitor financial performance, and control spending. Budgets can be used by individuals, households, businesses, governments, and other entities to manage their financial affairs effectively.

A budget is defined as statement which expresses future plans in financial terms.