BUDGET REQUEST Meaning and
Definition
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A budget request refers to a formal proposal made by an individual, organization, or government entity to obtain financial resources and allocate funds for specific purposes within a specified period. Primarily, it serves as a detailed plan outlining projected income and expenses, aiming to ensure efficient utilization of available resources. A budget request typically presents financial requirements, anticipated revenue, and planned expenditures in a well-structured format.
In governmental contexts, a budget request is submitted by various departments, agencies, or ministries to the corresponding legislative bodies or budgeting authorities. This proposal outlines the requested financial allocations needed to meet the objectives, commitments, and obligations of the particular department or agency. It usually covers both operating expenses, such as salaries, equipment, and maintenance, and capital expenses, including infrastructure or investment projects.
For non-governmental organizations, businesses, or individuals, a budget request serves as a formal application to secure funding from funding agencies, sponsors, or investors. This proposal reveals the estimated costs of planned activities, projects, or programs, and demonstrates how the requested funds will be utilized effectively. It generally includes a breakdown of expenses, such as personnel costs, materials and supplies, marketing, research and development, and overhead expenses.
Overall, a budget request acts as a comprehensive financial plan, projecting the resources required and the anticipated outcomes of the proposed actions or initiatives, thereby enabling decision-makers to evaluate and authorize the requested funding.
Common Misspellings for BUDGET REQUEST
- vudget request
- nudget request
- hudget request
- gudget request
- bydget request
- bhdget request
- bjdget request
- bidget request
- b8dget request
- b7dget request
- busget request
- buxget request
- bucget request
- bufget request
- burget request
- bueget request
- budfet request
- budvet request
- budbet request
- budhet request
Etymology of BUDGET REQUEST
The etymology of the word "budget" traces back to the 15th century Middle French word "bougette", meaning "little bag". The term later evolved and was used to refer to a person's financial bag or wallet. In the 18th century, "budget" started to be associated with government financial plans and accounts.
The word "request" has Latin origins and comes from the Latin word "requirere", which means "to seek or ask for". Over time, it evolved through Old French and Middle English before becoming the term we know today.
When combined, "budget request" refers to the act of asking for funds or financial resources within a particular budget framework.
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