Budget is Defined Budget is defined as a financial plan meant for a specified period of time. It estimates cash flows, expenditure as well as outlining organizational strategic plans in measurable te

Budget is Defined Budget is defined as a financial plan meant for a specified period of time. It estimates cash flows, expenditure as well as outlining organizational strategic plans in measurable te

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Budget is defined as a financial plan meant for a specified period of time. It estimates cash flows, expenditure as well as outlining organizational strategic plans in measurable terms. Therefore, the budget, therefore, gives detailed information on how various capital has been allocated for specified purpose regarding the different proposals provided.

Budgeting is an essential instrument therefore for every organization. It helps in planning for either short term or even long-term objectives (Secretariat, C. (2019). Budgeting