What's the difference between budget and estimation?

Budget


Definition:

  • (n.) A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions.
  • (n.) The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries.

Example Sentences:

  • (1) Handing Greater Manchester’s £6bn health and social care budget over to the city’s combined authority is the most exciting experiment in local government and the health service in decades – but the risks are huge.
  • (2) Mike Ashley told Lee Charnley that maybe he could talk with me last week but I said: ‘Listen, we cannot say too much so I think it’s better if we wait.’ The message Mike Ashley is sending is quite positive, but it was better to talk after we play Tottenham.” Benítez will ask Ashley for written assurances over his transfer budget, control of transfers and other spheres of club autonomy, but can also reassure the owner that the prospect of managing in the second tier holds few fears for him.
  • (3) But the wounding charge in 2010 has become Brown's creation of a structural hole in the budget, more serious than the cyclical hit which the recession made in tax receipts, at least 4% of GDP.
  • (4) The playing fields on which all those players began their journeys have been underfunded for years and are now facing a renewed crisis because of cuts to local authority budgets.
  • (5) Cameron also used the speech to lambast one of the central announcements in the budget - raising the top rate of tax for people earning more than £150,000 to 50p from next year.
  • (6) We are in the middle of the third year of huge cuts in acute hospitals' budgets," said Porter.
  • (7) Liu was a driving force behind the modernisation of China's rail system, a project that included building 10,000 miles of high-speed rail track by 2020 – with a budget of £170bn, one of the most expensive engineering feats in recent history.
  • (8) Based on the economics of most countries in Africa, their Health Budgets can afford mostly the non-opioid and strong opioid drugs in more or less adequate quantities.
  • (9) Non-essential Federal government services will remain closed until a budget to pay for them has been agreed.
  • (10) The need here is to promote the development of genuinely participative models – citizens panels and juries, patient and community leaders, participatory budgeting, and harnessing the power of digital engagement.
  • (11) The agency, which works to reduce food waste and plastic bag use, has already been gutted , with its budget reduced to £17.9m in 2014, down from £37.7m in 2011.
  • (12) Cable argued that the additional £30bn austerity proposed by the chancellor after 2015 went beyond the joint coalition commitment to eradicate the structural part of the UK's current budget deficit – the part of non-investment spending that will not disappear even when the economy has fully emerged from the recession of 2008-09.
  • (13) George Osborne’s eighth budget is unlikely to be a radical affair , as the state of the public finances and the upcoming EU referendum limit the chancellor’s room for manoeuvre.
  • (14) However in a repeat of the current standoff over the federal budget, the conservative wing of the Republican party is threatening to exploit its leverage over raising the debt ceiling to unpick Obama's healthcare reforms.
  • (15) The BBC has reversed its decision to close the Asian Network digital radio station – but will look to cut its budget in half.
  • (16) It has so far returned a mere $6m (£3.6m) of its relatively meagre $28m (£17.1m) budget, according to Forbes, a percentage of just 21%.
  • (17) "We were the ones with the most over-indebted banks, the most over-indebted households and we had the biggest budget deficit of virtually any country, anywhere in the world.
  • (18) • Motorola Moto G – the best budget smartphone for just £135
  • (19) In Wednesday’s budget speech , George Osborne acknowledged there had been a big rise in overseas suppliers storing goods in Britain and selling them online without paying VAT.
  • (20) However, it has since increased that to £2.1m or 15.6% of that budget.

Estimation


Definition:

  • (v. t.) The act of estimating.
  • (v. t.) An opinion or judgment of the worth, extent, or quantity of anything, formed without using precise data; valuation; as, estimations of distance, magnitude, amount, or moral qualities.
  • (v. t.) Favorable opinion; esteem; regard; honor.
  • (v. t.) Supposition; conjecture.

Example Sentences:

  • (1) Changes in cardiac adenosine triphosphate (ATP), phosphocreatine (PCr) and inorganic phosphate (Pi) were followed and intracellular pH (pHi) was estimated from the chemical shift of Pi.
  • (2) Estimations of the degree of incorporation of 14C from the radioactive labeled carbohydrate into the glycerol and fatty acid moieties were carried out.
  • (3) We conclude that the SHBG concentration strongly affects this estimation.
  • (4) In this review, we demonstrate that serum creatinine does not provide an adequate estimate of glomerular filtration rate (GFR), and contrary to recent teachings, that the slope of the reciprocal of serum creatinine vs time does not permit an accurate assessment of the rate of progression of renal disease.
  • (5) The models are applied to estimate the demand for tobacco products in Finland.
  • (6) Estimates of the risk probability for each dose level and sacrifice time are found utilizing the sample likelihood as the posterior density.
  • (7) Estimates of potential for gastrointestinal side effects using the rat enteropooling assay and in vivo monkey effects indicate that diarrhea will be substantially reduced with retention of uterine stimulating potency.
  • (8) The ED50 and ED95 of mivacurium in each group were estimated from linear regression plots of log dose vs probit of maximum percentage depression of neuromuscular function.
  • (9) We are pursuing legal action because there are still so many unanswered questions about the viability of Shenhua’s proposed koala plan and it seems at this point the plan does not guarantee the survival of the estimated 262 koalas currently living where Shenhua wants to put its mine,” said Ranclaud.
  • (10) To estimate the age of onset of these differences, and to assess their relationship to abdominal and gluteal adipocyte size, we measured adiposity, adipocyte size, and glucose and insulin concentrations during a glucose tolerance test in lean (less than 20% body fat), prepubertal children from each race.
  • (11) The level of significance of the statistical estimate of the change in the number of phonoreactive units (its increase due to deprivation) amounts to 92%.
  • (12) Variables included an ego-delay measure obtained from temporal estimations, perceptions of temporal dominance and relatedness obtained from Cottle's Circles Test, Ss' ages, and a measure of long-term posthospital adjustment.
  • (13) The molecular weight of antigen RFB2 was estimated to be approximately 85,000 daltons based on the results of gel filtration on Sepharose CL-6B.
  • (14) The radius is estimated to be around 1.7 nm, which shows a moderate degree of hydration.
  • (15) Another important factor, however, seems to be that patients, their families, doctors and employers estimate capacity of performance on account of the specific illness, thus calling for intensified efforts toward rehabilitation.
  • (16) The estimated DNA compaction ratio (approximately 3-fold) is consistent with a significant degree of nucleosome unfolding in the hyperstimulated BR genes.
  • (17) The Pan American Health Organization, the Americas arm of the World Health Organization, estimated the deaths from Tuesday's magnitude 7 quake at between 50,000 and 100,000, but said that was a "huge guess".
  • (18) The risk of recurrence and progression in 170 patients presenting with pTa urothelial tumours of the bladder has been estimated so that follow-up can be rationalised.
  • (19) Serum gamma glutamyl transferase (gammaGT) and alkaline phosphatase (ALP) activities have been estimated in 49 epileptic patients taking anticonvulsant drugs.
  • (20) The effect of these drugs was estimated from the cell growth curve and DNA histogram determined by flow cytometry.