budget projections

Budget projections are estimates of future income and expenses over a specific period, typically a year. They help individuals, businesses, and governments anticipate financial needs and make informed decisions. By analyzing past spending patterns and expected changes, budgets project how much money will come in (revenue) and how much will be spent (expenses). This process guides planning, ensures resources are allocated efficiently, and helps identify potential shortfalls or surpluses. Ultimately, effective budget projections enable better financial management and goal achievement.