Budgetary Impact

Budgetary impact refers to how a decision, program, or policy affects the financial resources of an organization or government. It estimates the additional costs or savings that result from implementing something new or changing existing plans. Essentially, it helps determine whether a proposed action is affordable within current funding limits, and what financial commitments or relief it would create over time. This assessment ensures that decision-makers understand the economic implications and can allocate resources wisely to meet their financial goals and constraints.