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Business English vocabulary · Numbers and Money

Budget variance

Meaning in business english, with examples

nounCommon term

In business english, budget variance means: The difference between the amount planned in a budget and the amount actually spent or earned.

In Turkish: bütçe sapması

How it is used

Used in finance reports, department reviews, and monthly planning. It is often described as favorable or unfavorable and explained by category.

Example sentences

  1. The marketing budget variance grew in April because the product launch required extra design work and paid media.

    Here the term names the gap between the planned marketing spend and the higher actual cost for that month.

  2. Please include a short note on each budget variance so the board can see which overruns were one-time issues.

    In this report example, the phrase refers to each separate difference that needs context, not just the total result.

Common collocations

  • analyze budget variance
  • monthly budget variance
  • favorable budget variance
  • budget variance report
  • budgetThe amount of money that a company, team or project plans to spend over a period of time, or the plan that shows this.
  • forecastA statement of what is expected to happen in the future, especially to sales, costs or demand, based on current data and trends.

More terms: Numbers and Money

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