Last edited 02 Oct 2024

Budget

Budget, in terms of design and construction projects often refers to the amount of money available to spend over a period of time, or on a specific thing, such as a building. The term budget or more commonly 'the budget' however can also refer to the same interpretation but relating to a governmental fiscal event and associated announcement, one of which is likely to impact the design and construction industry as a whole. In the UK there are usually at least two major set-piece fiscal events per year, a budget, spring statement and then also sometimes a spending review. These provide an update on the economic outlook and the decisions the government has made about how much and what to tax, how much to spend and on what.

For further information regarding specific construction projects see articles; budget for building design and construction projects, cash flow budget and difference between cost plan and budget. For further information about National budgets, such as spring budgets and reactions to these by the constrution industry visit the articles list below.

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