One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations.
Use budget in a sentence
I did not wanna buy the item because it did not fit my budget and I needed to buy things that were less expensive.
To make sure that your spending doesn't get out of control you need to set a strict budget that you always stick to.
The budget was set and we could not alter our figures because we were held accountable by the new CEO.