Budget

Approved financial plan for revenue, cost, investment and cash over a defined period.

Examples

01The plant's budget for next year includes EUR 2.1 million for maintenance and EUR 600,000 for training.
02Each month, the plant manager compares actual spending with the budget line by line and explains deviations above 5 %.
03A kaizen project that cuts compressed-air leaks is credited against the energy budget only after the meter readings confirm the reduction.