spending limits

Spending limits refer to predetermined caps on the amount of money that can be spent within a specific period, often set by organizations, governments, or individuals. These limits help manage budgets, prevent overspending, and ensure financial stability. For example, a government might impose spending limits on departments to control public finances, while individuals can set personal spending limits to stay within their budgets. By establishing these limits, stakeholders can make more informed financial decisions and maintain better control over their resources.