Budget.

A budget is a financial plan that outlines an organization's or individual's projected income and expenses over a specific period. Here are key points about budgets:

1. Definition: A budget is a detailed estimate of income and expenses for a given period, typically one year. It serves as a financial roadmap, providing a framework for allocating resources and achieving financial goals.

2. Purpose: The primary purpose of a budget is to ensure effective management of financial resources. It helps individuals, businesses, and organizations control spending, allocate funds to different areas, and track financial progress. A budget provides a blueprint for making informed financial decisions.

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