Definition of Budget

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 Line
• Budget Set
• Balanced Budget

Resources on Budgets:

• Budget Lines and Indifference Curves
• Why 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 Budget
• Alleged Budget Surplus, Social Security, & Voodoo Economics

• Economics: Government, Budget, Deficit & Trade Policy

Journal Articles on Budgets:

• Economic and political determinants of budget deficits in developing countries
• Equilibrium Political Budget Cycles
• The Ricardian approach to budget deficits