Capital Budget
/ˈkæpɪtl ˈbʌdʒɪt/
Definitions
- (n.) A financial plan outlining projected capital expenditures and funding sources for public or private sectors over a specified period.
The city council approved the capital budget to allocate funds for new infrastructure projects.
- (n.) A government’s approved plan for long-term investments, often used in municipal finance law to manage public assets.
The capital budget includes investments in schools, roads, and public transportation systems.
Forms
- capital budgets
Related terms
Commentary
Capital budgets are distinct from operating budgets in legal contexts, focusing exclusively on investments and capital assets rather than daily operational expenses.
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.