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Expense budget planning is an important part of any budget. An expense budget is a list of forecasted expenses within a set amount of time. An expense budget could cover a quarter, an entire year or just a month.
A budget is a formal written statement of a hospital's. plan for the future. The financial budget is a management. control tool normally covering a one year period. The. essentials of budgeting are to set specific goals for. future operations and to have a periodic comparison of.