Baseline Budget

A baseline budget is a starting financial plan that outlines expected expenses and income for a specific period, usually a year. It serves as a benchmark to compare actual spending against projections, helping organizations track their financial performance and make informed decisions. Essentially, it’s the foundation from which adjustments can be made if priorities change or unforeseen costs arise. It reflects the organization’s current financial commitments and priorities, providing a clear and consistent framework for managing budgets effectively.