Budget Forecasting
/ˈbʌdʒɪt ˈfɔːrkæstɪŋ/
Definitions
- (n.) The process of predicting future government or organizational financial needs and resources to aid legal and regulatory compliance and funding decisions.
Effective budget forecasting ensures that public funds are allocated according to statutory requirements.
Forms
- budget forecasting
- budget forecastings
Related terms
See also
Commentary
Budget forecasting is crucial in legal contexts involving compliance with statutory budgetary constraints and transparency obligations.
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.