annual budget

Twelve-month spending plan

An annual budget is a financial plan covering a one-year period, projecting expected income and planned expenditures.

Governments, businesses, and households use annual budgets to allocate resources and control spending: The city council approved the annual budget after heated debate.

The term often appears in discussions of fiscal policy and organizational planning.

Opposites
time horizon

annual budgetweekly budget

Planned weekly expenditure

monthly budget · quarterly budget · five-year plan

planning vs. actuals

annual budgetannual report

Organization's periodic financial summary

financial statement · financial statements · profit and loss statement · cash flow statement

formal structure

annual budgetdiscretionary spending

Non-obligatory personal expenditures

slush fund · emergency spending · petty cash

Family

budget, annual

Familiarity
Top 100,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G