Difference between revisions of "Budget"

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* [[Forecast]]
* [[Forecast]]
* [[Fiscal year]]
* [[Fiscal year]]
* [[Office for Budget Responsibility]]
* [[Risk budget]]
* [[Risk budget]]
* [[Variance analysis]]
* [[Variance analysis]]

Latest revision as of 15:42, 25 March 2021

1. Planning.

Any plan expressed in monetary terms.

2. Taxation.

The level of taxation minus government spending.

A budget surplus is where taxation exceeds government spending.

A budget deficit is where government spending exceeds taxation.

3. Taxation - UK.

A formal statement - normally made annually - by the UK Chancellor of the Exchequer setting out the government's taxation proposals for the next fiscal year.

4. Government taxation - all jurisdictions.

Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.

See also