budgetary authority

Budgetary authority refers to the power granted to specific individuals or entities, such as government agencies or managers within organizations, to create, approve, and manage a budget. This authority involves making decisions on how funds will be allocated and spent to achieve goals. For instance, a department head may have budgetary authority to determine how much money their team can use for projects, while ensuring expenses stay within approved limits. This process helps ensure financial resources are used effectively and responsibly.