What is Budget in term of finance?

Is there anyone who could please tell me about the budgeting of a financial statement.
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A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending.
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"Bodied finances Your budget of any business is normally gathered every year, but most likely are not. A new complete funds, commonly demanding substantial effort, is a insurance policy for this short-term foreseeable future, normally twelve months (see price range class). Piece usually the Money division compiles you can actually spending budget, modern day application makes it possible for a big pile of an individual in a variety of business units (operations, human resources, This, for example.) to read their expected revenues in addition to costs in the remaining spending budget."
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