Meaning of the word "budget allocation" in English
What does "budget allocation" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
budget allocation
US /ˈbʌdʒɪt ˌæləˈkeɪʃən/
UK /ˈbʌdʒɪt ˌæləˈkeɪʃən/
Noun
the process of distributing financial resources among different departments, projects, or activities within an organization or government
Example:
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The board approved the new budget allocation for research and development.
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Effective budget allocation is crucial for the success of any project.
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