budget process
Allocating financial resources
The budget process is the formal sequence of steps by which an organization—typically a government—develops, reviews, and approves its spending plan.
In the U.S., this involves the president's budget proposal, congressional committee hearings, appropriations bills, and final passage: The infrastructure bill got tangled up in the budget process.
The term often implies bureaucratic complexity and political negotiation.
- authorizationFormal permission granted
- disbursementDistribution of funds
- forecastingEstimating future conditions
- financial planningOrganizing future monetary goals
- auditFormal accounts examination
deliberation · bottom line · red ink · debt ceiling · appropriations bill · prioritization · line item · spending caps · consensus-building · congressional hearing · voting · negotiation · reconciliation · endorsement · ratification · procurement · cost analysis · number crunching
- Congresssenator, representative, senators, House, bill
- California governmentstate constitution, legislature, executive branch, judicial branch, governor
- federal budgetappropriations, deficit, surplus, federal spending, government spending
- fiscal policydeficit spending, fiscal reform, fiscal deficit, fiscal policy, government spending
- public budgetappropriation, expenditure, spending, deficit, surplus
- public financepublic debt, tax revenue, expenditure, public spending, national debt
budget, process, budgets, budgeted, budgeting, budgetary, processes, processed, processing