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Public Administration vocabulary · Public Budgets and Finance

Budget

Meaning in public administration, with examples

/ˈbʌdʒɪt/nounCore term

In public administration, budget means: A plan showing how much money a government or public body expects to receive and how it will spend that money over a set period, usually one year.

In Turkish: bütçe

How it is used

Budgets are drafted, submitted, debated, approved and executed. Parliament approves the national budget, and each ministry and municipality has its own. Common phrases: within budget, over budget, budget cuts, budget proposal, budget line.

Example sentences

  1. We need to submit next year's budget proposal to the finance department by the end of the month.

  2. The project was completed on time and within budget.

Common collocations

  • budget proposal
  • approve the budget
  • within budget
  • budget cuts
  • annual budget
  • appropriationAn amount of public money that a parliament or council officially approves for a specific purpose, giving a public body the legal right to spend it.
  • fiscal yearThe twelve-month period that a government or organization uses for its budget and accounts, which may or may not match the calendar year.
  • public spendingMoney spent by the government and other public bodies on services, salaries, investment and benefits; formal texts often call it public expenditure.
  • revenueMoney that a government or public body receives, mainly from taxes but also from fees, charges, fines and the sale of assets.
  • budget deficitThe amount by which a government's spending is greater than its revenue in a given year; the opposite is a budget surplus.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Public Budgets and Finance

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