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What is the difference between Budget & Forecast in Finance? P.s Appreciate to add reference for your answer

Finance
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Question added by Saif Al Omary , Freelancer for Finance Management , General Trading Company
Date Posted: 2016/01/19
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Duncan Robertson
by Duncan Robertson , Strategy Consultant , Duncan Robertson Consultancy

Budget is a plan.

Forecast is a prediction.

 

Forecasts are often made part way through the budget period.  In other words you budget in advance, and forecast half way through.

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