Definition of Budget

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Definition: A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future, not the past.

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    Econterms. "Definition of Budget." ThoughtCo, Mar. 27, 2017, thoughtco.com/definition-of-budget-1146039. Econterms. (2017, March 27). Definition of Budget. Retrieved from https://www.thoughtco.com/definition-of-budget-1146039 Econterms. "Definition of Budget." ThoughtCo. https://www.thoughtco.com/definition-of-budget-1146039 (accessed February 19, 2018).