Definition of budget by different authors

"A budget is a quantitative expression of a plan of action for a defined period of time." - George R. Terry, "Management Principles and Practice" (1955).

"A budget is a systematic plan for the allocation of limited resources to meet specific goals." - David A. Garvin and Pankaj Ghemawat, "Competing on Resources: Strategy in the 1990s" (1991).

"A budget is a financial plan for a specified period of time, usually a year, which outlines estimated income and expenses." - J. Carlton Collins, "Budgeting for Not-for-Profit Organizations" (2005).

"A budget is a plan expressed in monetary terms that outlines expected revenues and expenditures for a specified period of time." - Harold A. Rothbart, "Budgeting for Local Government" (2010).

"A budget is a detailed financial plan for a specified period, usually a year, which outlines expected income, expenses, and savings." - Mark McCracken, "Mastering Budgeting and Financial Management" (2015).

Milton Friedman: "A budget is a quantitative expression of a plan for a defined period of time." Reference: Friedman, M. (1957). A Theory of the Consumption Function. Princeton University Press.

George Terborgh: "A budget is a comprehensive statement that reflects the financial planning of an entity for a defined period of time." Reference: Terborgh, G. (1975). The budget process: A political analysis. London: Sage Publications.

David A. Aaker: "A budget is a plan expressed in monetary terms for a specified time period, usually a year." Reference: Aaker, D. A. (1984). Budgeting and financial management for non-profit organizations. San Francisco: Jossey-Bass.

J.F.D. Mukasa: "A budget is a quantitative statement of the resources available to an entity and the plans for their use during a specified future period." Reference: Mukasa, J. F. D. (1978). Budgeting in public organizations. Washington, DC: International City Management Association.

Harold J. R. Keintz: "A budget is a financial plan that outlines anticipated revenue and expenditures for a specified future period." Reference: Keintz, H. J. R. (1977). Budgeting: A comprehensive approach. New York: Wiley.

"A budget is a plan for an organization's outgoing expenses and incoming revenues for a specific time period." - Horngren, C. T., Sundem, G. L., Elliott, J. A., & Philbrick, D. R. (2010). Introduction to Management Accounting. Pearson Higher Ed.

"A budget is a detailed plan for acquiring and using financial and other resources over a specified future time period." - Mauskopf, L. A. (2007). The budget and financial management of local governments. International City/County Management Association.

Definition of budget by different authors

"A budget is an estimate, often quantitative, of a future financial result." - Wild, J. J., Subramanyam, K. R., & Halsey, R. F. (2009). Financial Statement Analysis: A Practitioner's Guide. John Wiley & Sons.

"A budget is a systematic plan for the allocation of limited resources to meet specific goals and objectives over a defined period of time." - Jones, J. (2012). Principles of Managerial Finance. Pearson Higher Ed.

"A budget is a written plan for the allocation of resources for a specific time period, usually one year, for a particular organization, department or program." - McKinney, M. (2012). The Budget Book for Nonprofits: A Step-by-Step Guide for Managers and Board Members. John Wiley & Sons.

"A budget is a financial plan for a defined period of time, usually a year." - John L. Cox and Steven M. Ross (Financial Management: Principles and Applications, 11th Edition, Pearson, 2016)

"A budget is a plan expressed in quantitative terms for the allocation of resources over a future time period." - Arthur J. Keown (Financial Management: Principles and Applications, 13th Edition, Pearson, 2019)

"A budget is a comprehensive financial plan of expected results expressed in financial terms for a specified period." - John J. Wild (Financial Management: Principles and Applications, 11th Edition, McGraw-Hill Education, 2015)

"A budget is an estimate of future financial results and a plan for using resources to achieve specific objectives." - Eugene F. Brigham and Michael C. Ehrhardt (Financial Management: Theory and Practice, 16th Edition, Cengage Learning, 2017)

"A budget is a financial and quantitative statement for a defined period of time, which may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows." - Poul Thomsen and Michael P. Robin (Budgeting and Financial Management for Nonprofit Organizations, John Wiley & Sons, 2012)

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