budget forecast

Financial future estimate

A budget forecast is a projection of future income and expenses over a specific period, used by businesses, governments, and individuals to plan spending and anticipate financial needs.

Unlike a budget, which sets targets, a forecast predicts what will actually happen based on current trends and available data: The budget forecast shows we'll exceed revenue targets by March.

Organizations regularly update forecasts as conditions change.

Opposites
temporal orientation

budget forecastaudit trail

Chronological record of transactions

expense report · historical data

certainty/verification status

budget forecastfinal accounting

Conclusive assessment of accounts

closed books · bottom line

planning vs. spontaneity

budget forecastemergency spending

Funds for urgent situations

impulse purchase

Family

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