An itemized forecast of an individuals or companys income and
expenses expected for some period in the future. The annual
financial statement which the British chancellor of the
exchequer makes in the House of Commons. It comprehends a
general view of the finances of the country, with the proposed
plan of taxation for the ensuing year. The term is sometimes
applied to a similar statement in other countries. One of the
principal functions of the Legislature is to approve a spending
plan for state government. Lawmakers will have about $4.5
billion to spend on the next fiscal year. Also known as a
spending plan, it is a plan for spending and saving money that
balances household income and expenses. Estimated cost of
conducting the proposed project, consisting of direct/indirect
costs, matching contribution (cost sharing), and justification.
a statement outlining the spending plans of a government or an
individual for the coming year The annual call center budget is
the total annual dollar amount allocated for al