Budgeting Process
/ˈbʌdʒɪtɪŋ ˈproʊsɛs/
Definitions
- (n.) The procedural steps through which a governmental or organizational budget is planned, proposed, reviewed, and approved, ensuring legal compliance and fiscal responsibility.
The budgeting process requires legislative approval before funds can be allocated.
Forms
- budgeting process
Related terms
See also
Commentary
In legal contexts, clarity in defining stages and authority in the budgeting process aids in preventing fiscal disputes and ensuring statutory adherence.
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.