What's the difference between budget and forecast?

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.

Forecast


Definition:

  • (v. t.) To plan beforehand; to scheme; to project.
  • (v. t.) To foresee; to calculate beforehand, so as to provide for.
  • (v. i.) To contrive or plan beforehand.
  • (n.) Previous contrivance or determination; predetermination.
  • (n.) Foresight of consequences, and provision against them; prevision; premeditation.

Example Sentences:

  • (1) October 23, 2013 3.55pm BST Another reason to be concerned about the global economy - Canada's central bank has slashed its economic forecasts for the US.
  • (2) Analysts have trimmed their profit forecasts for this year with trading profits of £3.3bn pencilled in compared with £3.5bn in 2012-13.
  • (3) The company said it was on track to meet forecasts for annual profit of about £110m.
  • (4) New developments in data storage and retrieval forecast applications that could not have been imagined even a year or two ago.
  • (5) The Met Office has had to revise its forecast on previous occasions.
  • (6) The public finance forecasts are linked to those growth predictions, since stronger growth means healthier tax receipts and lower spending on unemployment benefit and other welfare measures.
  • (7) Unemployment is forecast to rise to 8.3% in 2013, against a backdrop of 0.9% growth.
  • (8) Given how Bank forecasts have been all over the shop, it is possible that the Old Lady's spreadsheet wizards could scupper Mr Carney's plans by spying a speck of price pressure and panicking about it turning into a giant inflationary boulder.
  • (9) The ONS said it was possible that these one-off items and a rise in tax receipts in January could bring the overall debt figure within the OBR's £80.5bn forecast.
  • (10) Only "a tiny minority" of countries presently control space technologies, which play a major role in everything from broadcasting to weather forecasting, agriculture, health and environmental monitoring, the document notes.
  • (11) An explanation of this in terms of terrestrial snail (intermediate host) populations and a suggestion for the possible use of these data in developing a predictive model for forecasting lungworm levels for use in in bighorn sheep management are given.
  • (12) 1: Good news It's been a scarce commodity throughout the Osborne chancellorship, but he will have a decent amount of it to dish round the chamber – notably lower inflation and higher growth than was being forecast a short while ago.
  • (13) In a 2013 Politifact interview , the author of the Urban Institute study, Stan Dorn, said: “It makes sense that as time goes by … health insurance coverage has greater impact on health outcomes.” The specific numbers might be hard to agree upon, and even harder to forecast if the Republican bill is passed.
  • (14) Dark Sky , for example, is a Kickstarter-funded iOS app that provides weather forecasting depending on your exact location.
  • (15) Updated at 11.51am BST 11.19am BST Germany revises GDP forecasts Germany's Bild newspaper reports that the Berlin government is raising its forecast for economic growth this year, to +0.8% of GDP, from +0.7%.
  • (16) ran one forecast in full, a none- too-subtle broadside at his editors.
  • (17) The weather forecast in Warsaw is for some showers on Wednesday, though Roy Hodgson has expressed concern over the time it will take to repair the surface, which was relaid only last week at a cost of £115,000 and was criticised after last Friday's friendly against South Africa.
  • (18) It forecasts the pressure on forests will increase as world population grows by more than 2.5 billion people in the next 40 years.
  • (19) Whether the incidentally reported increase in multiword responses in some normal elderly forecasts an approaching dementia needs further research.
  • (20) The paper is forecasting that bulks will be reduced to about 72,000 copies per day on average and daily paid-for circulation will be up to about 150,000.