Home / FAQ : What is a Budget?

A budget is a financial plan that outlines the sources of funds and how such funds are to be spent. It is a plan of expenditure and revenue, expressed in monetary terms and covering a specific period of time, usually one year.

It is a systematic process of setting financial goals. It forecasts, monitors and controls income and expenditure, and evaluates progress made towards achieving financial goals.

Copyright © 2019 |   Top