Budget Classification
/ˈbʌdʒɪt ˌklæsɪfɪˈkeɪʃən/
Definitions
- (n.) The systematic categorization of government or organizational expenditures and revenues to facilitate fiscal accountability and control.
The budget classification ensures that funds are allocated according to legislative priorities.
Forms
- budget classification
Related terms
See also
Commentary
Accurate budget classification is essential for legal compliance and transparency in public financial management.
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.