Budget Cycle
/ˈbʌdʒɪt ˈsaɪkəl/
Definitions
- (n.) The recurring process through which a government or organization prepares, approves, implements, and reviews its budget.
The budget cycle ensures fiscal discipline and accountability in public spending.
Forms
- budget cycle
- budget cycles
Related terms
See also
Commentary
The budget cycle is crucial for legal compliance in public sector financial management and transparency.
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.