Corporate budgeting

Corporate budgeting is the process by which a company plans and allocates its financial resources for a specific period, usually a year. It involves forecasting revenues, expenses, and investments to guide decision-making. The budget helps managers prioritize spending, assess financial performance, and set targets for growth. By outlining expected income and costs, it enables companies to monitor financial health and ensure that they can meet their obligations while pursuing strategic goals. Effective budgeting helps organizations operate efficiently, make informed decisions, and respond to changing market conditions.