Budget Allocation
/ˈbʌdʒɪt ˌæləˈkeɪʃən/
Definitions
- (n.) The legal process or act of distributing financial resources among various departments, projects, or purposes according to a planned budget.
The council's budget allocation for public safety increased significantly this fiscal year.
- (n.) A formal decision or authorization within a government or organization that assigns funds to specific activities or entities.
The budget allocation approved by the legislature governs the expenditure limits for the next year.
Forms
- budget allocation
- budget allocations
Related terms
See also
Commentary
In legal drafting, clarity in specifying the beneficiary and purpose of budget allocations is critical to prevent misappropriation and ensure compliance with statutory limits.
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.