Noun Phrase
/bʌdʒɪt dɪˌtɜːrmɪˈneɪʃən/
"Budget determination" refers to the process or methodology of setting and establishing a budget, which is a financial plan that outlines expected revenues and expenses over a specific period. This phrase is commonly used in business, finance, and governmental contexts. It implies the analytical measurement and decision-making involved in allocating resources and financial planning.
Frequency of Use: The term is used frequently in written contexts, particularly in financial reports, business plans, and academic discussions. It is less common in everyday oral speech, as more casual terms like "setting a budget" might be used instead.
(La junta realizó una reunión para la determinación del presupuesto antes del próximo año fiscal.)
Effective budget determination is essential for successful project management.
(Una efectividad en la determinación del presupuesto es fundamental para la gestión exitosa de proyectos.)
Clear guidelines for budget determination can help avoid financial discrepancies later.
Although "budget determination" itself is not frequently found in idiomatic expressions, the concept of "budget" is often integrated into some common phrases related to finance and spending. Here are some idiomatic expressions that include "budget":
I am on a tight budget this month because of unexpected expenses.
(Este mes estoy con un presupuesto limitado por gastos inesperados.)
"Stretching the budget" - Making financial resources go further than usual.
We need to find ways of stretching the budget to accommodate this new project.
(Necesitamos encontrar formas de estirar el presupuesto para acomodar este nuevo proyecto.)
"Under budget" - Spending less than the amount allocated.
Fortunately, we completed the renovation under budget.
(Afortunadamente, completamos la renovación por debajo del presupuesto.)
"Come in over budget" - Experiencing expenses that exceed the allocated budget.
The word "budget" comes from the Middle English "buggette," which is derived from the Old French "bougette," meaning "a little bag." This term became associated with financial plans over time, as budgets are often compiled and presented in a "bag" or container format. The word "determination" comes from the Latin "determinatio," which means "to limit, define, or settle."
Overall, "budget determination" is a significant concept in financial planning and resource allocation, and its understanding is crucial in various professional fields.