Budget Act
/ˈbʌdʒɪt ækt/
Definitions
- (n.) A legislative act authorizing government expenditure and allocating funds for public purposes within a fiscal period.
The parliament passed the Budget Act to allocate funds for the upcoming financial year.
Forms
- budget act
- budget acts
Related terms
See also
Commentary
The term typically refers to annual legislation that sets out government spending and revenue plans; drafters should ensure clear delineation of funding limits and implementation procedures.
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.