Science, Tech, Math Social Sciences Definition of Budget Share Flipboard Email Print Martin Barraud / Getty Images Social Sciences Economics Basics U.S. Economy Employment Production Supply & Demand Psychology Sociology Archaeology Environment Ergonomics Maritime by Econterms Updated March 27, 2017 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.Terms related to Budgets:Budget LineBudget SetBalanced BudgetResources on Budgets:Budget Lines and Indifference CurvesWhy Do Government Budget Deficits Grow During Recessions?U.S. Budget Deficit - Five Key Questions Writing a Term Paper? Here are a few starting points for research on Budgets:Books on Budgets:Economic Effects of the Government BudgetAlleged Budget Surplus, Social Security, & Voodoo EconomicsEconomics: Government, Budget, Deficit & Trade PolicyJournal Articles on Budgets:Economic and political determinants of budget deficits in developing countriesEquilibrium Political Budget CyclesThe Ricardian approach to budget deficits citecite this article Format mla apa chicago Your Citation 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 April 25, 2018). copy citation Continue Reading