Annual Budget
/ˈænjuəl ˈbʌdʒɪt/
Definitions
- (n.) A financial plan setting forth estimated government or corporate revenues and expenditures for a fiscal year.
The legislature must approve the annual budget before the start of the fiscal year.
- (n.) A legally required document outlining anticipated public spending and revenues for governmental entities within a year.
The city council reviewed the annual budget during a public hearing to ensure transparency.
Forms
- annual budget
- annual budgets
Related terms
See also
Commentary
The annual budget is typically statutory or regulatory in nature when related to government finance, emphasizing its legal and procedural significance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.