If you budget for something, you take account of it when you are deciding how much you can afford to spend on different things. The authorities had budgeted for some non-payment = allow for
Budgeting is the process of predicting and controlling the spending of money within the organisation and consists of a periodic negotiation cycle to set budgets (usually annual) and the day-to-day monitoring of current budgets
A process that includes creating a financial plan of action that an organization believes will help it to achieve its goals, given the organization's forecast
The process by which the government, or a governmental organisation, plans for its future expenditures, revenues, borrowing and other financial activities
The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences Also called budgetary controlling
The process of forecasting and controlling expenditure It consists of a periodic negotiation cycle to set budgets (usually annual) and the day-to-day monitoring and adjustment of current budgets based upon actual or predicted outturns
Detailed annual plan that typically takes from 4 to 6 months to complete and often involves many input sources i e to the line-management level IMPACT is designed to support a collaborative budgeting process from beginning to end
The process of anticipating the costs, and planning the expenditure of financial resources for the execution of on-farm research and development tasks, projects and programmes