Which type of budgeting do you prefer and use in your organisation?

A budget organization is an annual financial statement showing items wise estimates of expeected revenue and anticipated expenditure during a fiscal year. prefering spec type depends on is it profit or non -profit organization, however it should be effective budget function

Master Budget WHICH combines factors like sales, operating expenses, assets, and income streams to allow companies to establish goals and evaluate their overall performance, as well as that of individual cost centers within the organization.  

Agreed as above. We normally use roll over budgeting.