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Budgetary Meaning: Definition, Examples, and Translations

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budgetary

[bʌdʒɩt(ə)ri ]

Definition

Context #1 | Adjective

financial planning

Relating to a budget or the process of making a budget. Typically used in the context of financial planning and management.

Synonyms

financial, fiscal, monetary.

Which Synonym Should You Choose?

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Word Description / Examples
budgetary

Used when discussing matters related to a budget or the process of creating and managing a budget.

  • The organization faced several budgetary constraints this fiscal year.
  • We need to consider the budgetary implications of this new project.
financial

Appropriate for general discussions about money, funding, investments, or economic conditions.

  • The company is in good financial health.
  • She is seeking financial advice for her new business.
monetary

Commonly used to refer to matters involving money, currency, or the financial aspects of economics, often in relation to central banks and monetary policy.

  • The central bank is responsible for the country's monetary policy.
  • She received a monetary award for her outstanding performance.
fiscal

Typically used in formal contexts to talk about government or organizational revenue and expenditure, especially in terms of accounting years.

  • The government announced its new fiscal policies.
  • We need to complete the fiscal report by the end of the quarter.

Examples of usage

  • The company's budgetary constraints forced them to cut costs in various departments.
  • The government's budgetary decisions have a significant impact on the economy.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Government Finance

  • Budgetary policies are crucial for managing a nation's economy, influencing factors like inflation and employment.
  • In democracies, budgets are often debated publicly, allowing citizens to understand and influence government spending.
  • Many countries use fiscal year budgets, which can differ from the calendar year, impacting how funds are allocated.

Personal Finance

  • Creating a budget helps individuals track their income and expenses, fostering better financial health and preventing debt.
  • The 50/30/20 rule is a popular budgeting method where 50% of income goes to needs, 30% to wants, and 20% to savings.
  • Technology today offers various budgeting apps that simplify tracking spending habits and managing finances.

Education

  • In educational institutions, budgetary considerations impact resource allocation for programs, staff salaries, and facility maintenance.
  • Financial literacy education now often includes budgetary skills, teaching students how to manage personal finances effectively.
  • Schools may engage students in creating classroom budgets as a practical lesson in economics and responsibility.

Pop Culture

  • Movies frequently depict characters in financial distress who learn valuable lessons about budgeting and financial responsibility.
  • Budgetary constraints in media production can significantly impact storytelling, causing studios to make creative adjustments.
  • Reality television often showcases contestants managing limited budgets, highlighting the importance of fiscal discipline in entertaining contexts.

Origin of 'budgetary'

Main points about word origin

  • The term 'budget' comes from the Old French word 'bougette', meaning 'small bag', referring to a bag where money was kept.
  • Originally, in the 18th century, the word was used for a political document that detailed government spending plans.
  • In modern usage, 'budgetary' emerged in the 19th century, focusing on financial planning in both personal and governmental contexts.

The word 'budgetary' originates from the noun 'budget', which itself comes from Middle French 'bougette' meaning 'little bag'. The concept of budgeting dates back to the 18th century when it was used primarily in a financial context to refer to a plan for managing income and expenses. Over time, 'budgetary' evolved to describe anything related to budgets, financial planning, and management.

See also: budget, budgeting, underbudget.

Word Frequency Rank

Position #9,314 indicates this is an advanced-level word. While not essential for basic communication, it will enhance your ability to understand and create more nuanced content.