Budget Planning
/ˈbʌdʒɪt ˈplænɪŋ/
Definitions
- (n.) The process of preparing and allocating a detailed financial plan within legal entities, ensuring compliance with applicable laws and regulations.
The legal department contributed to the budget planning for the upcoming fiscal year to ensure regulatory adherence.
- (n.) A strategic tool used by public administrations and private organizations to anticipate and control spending under legal mandates.
Effective budget planning is essential for government agencies to meet statutory funding requirements.
Forms
- budget planning
Related terms
See also
Commentary
Budget planning in legal contexts often involves adherence to statutory frameworks governing expenditures and funding sources.
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.