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Financial Terms | |
Budget deficit |
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Definition of Budget deficitBudget deficitThe amount by which government spending exceeds government revenues. Budget DeficitThe excess of government spending over tax receipts.
Related Terms:DeficitSee budget deficit. National DebtThe debt owed by the government as a result of earlier borrowing to finance budget deficits. That part of the debt not held by the central bank is the publically held national debt. Structural DeficitThe budget deficit in excess of the deficit that in the long run keeps constant the ratio of the publically held national debt to GDP. Twin DeficitsThe trade deficit and the government budget deficit. Activity-based budgetingA method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing. activity-based budgeting (ABB)planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and ![]() Balanced-Budget MultiplierThe multiplier associated with a change in government spending financed by an equal change in taxes. BudgetA detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. BudgetA plan expressed in monetary terms covering a future period of time and based on a defined budgeta financial plan for the future based on a single level BudgetA set of interlinked plans that quantitatively describe a company’s projected Budget cycleThe annual period over which budgets are prepared. budget manuala detailed set of documents that provides information budget slackan intentional underestimation of revenues budget variancethe difference between total actual overhead Budgetary controlThe process of ensuring that actual financial results are in line with targets – see variance budgeted costa planned expenditure budgetingthe process of formalizing plans and committing Capital budgetA firm's set of planned capital expenditures. capital budgetmanagement’s plan for investments in longterm capital budgetList of planned investment projects. Capital budgetingThe process of choosing the firm's long-term capital assets. capital budgetingRefers generally to analysis procedures for ranking Capital BudgetingThe process of ranking and selecting investment alternatives and capital budgetinga process of evaluating an entity’s proposed Capital budgetingThe series of steps one follows when justifying the decision to purchase capital budgeting decisionDecision as to which real assets the firm should acquire. Cash budgetA forecasted summary of a firm's expected cash inflows and cash outflows as well as its Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act continuous budgetinga process in which there is a rolling DeficitAn excess of liabilities over assets, of losses over profits, or of expenditure over income. DeficitAnegative balance in the retained earnings account that is caused by cumulative financial budgeta plan that aggregates monetary details Flexible budgetA method of budgetary control that flexes, i.e. adjusts the original budget by applying standard flexible budgeta presentation of multiple budgets that imposed budgeta budget developed by top management Incremental budgetA budget that takes the previous year as a base and adds (or deducts) a percentage to arrive at master budgetthe comprehensive set of all budgetary schedules operating budgeta budget expressed in both units and dollars participatory budgeta budget that has been developed Planning, programming and budgeting system (PPBS)A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres. Priority-based budgetA budget that allocates funds in line with strategies. program budgetingan approach to budgeting that relates rolling budgetsee continuous budgeting Rolling budgetsA method of budgeting in which as each month passes, an additional budget month is added such that there is always a 12-month budget. Trade Deficitdeficit on the balance of merchandise trade. zero-base budgetinga comprehensive budgeting process Zero-based budgetingA method of budgeting that ignores historical budgetary allocations and identifies the costs that are necessary to implement agreed strategies. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |