Public Budget
/ˈpʌblɪk ˈbʌdʒɪt/
Definitions
- (n.) An official statement outlining the anticipated revenues and expenditures of a government or public entity for a specific period.
The city council approved the public budget for the upcoming fiscal year.
- (n.) A legal financial plan subject to governmental approval and oversight, reflecting policy priorities and resource allocation.
Transparency in the public budget helps ensure accountability in government spending.
Forms
- public budget
- public budgets
Related terms
See also
Commentary
Public budgets must comply with statutory requirements and often involve legislative approval; precise drafting ensures clarity in allocation and restrictions.
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.