A plan that provides a formal, quantitative expression of management’s or government’s plans, intentions and expectations.
(Graham, Andrew. 2007. Canadian Public-Sector Financial Management. Kingston, ON: School of Policy Studies, Queen’s University; Montreal: McGill-Queen’s University Press.)
A budget generally expresses the amounts that programs have to spend over a fixed period, normally a fiscal year. The legal authority to spend such funds and the legal force that limits expenditures to those limits is the appropriations voted by the legislature.