HomeDefinitionsCompareDebt BudgetThe financial definition for Budget:A detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. Similar MatchesBalanced budgetBalanced budgetA budget in which the income equals expenditure. See: budget. Budget authorityBudget authorityBroad responsibility by Congress that government agencies have the power to spend federal funds. Congress can specify criteria for the spending of these funds. For example, it may stipulate that a given agency must spend within a specific year, number of years, or any time in the future. The basic forms of budget authority are; appropriations, authority to borrow, contract authority, and authority to obligate and expend offsetting receipts and collections. The period of time during which Congress makes funds available may be specified as one-year, multiple years or no year. The available amount may be classified as either definite or indefinite; a specific amount or an unspecified amount can be made available. Authority may also be classified as current or permanent. Permanent authority requires no current action by Congress. Budget deficitBudget deficitThe amount by which government spending exceeds government revenues. Further SuggestionsBudget surplusFlexible budget Intrabudgetary transactions Off budget Federal entities Click to compare definitions of Budget Click to view definitions beginning bu |