Budgetary Policy
/ˌbʌdʒɪˈtɛəri ˈpɒlɪsi/
Definitions
- (n.) A government or institutional strategy for managing public funds, including revenues, expenditures, and debts, to achieve economic objectives.
The legislature debated the budgetary policy to reduce the national deficit.
- (n.) Legal framework guiding the allocation and use of financial resources within public administration.
Effective budgetary policy ensures compliance with fiscal responsibility laws.
Forms
- budgetary policy
- budgetary policies
Related terms
See also
Commentary
Budgetary policy typically appears in public law and administrative law, reflecting government financial planning rather than private contracts or transactions.
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.