On-Budget definition
On-Budget refers to selling days, i.e., days that carry a sales objective (quota). Holidays, vacations, leave of absence, training, and/or any form of “lost” time are not considered on-budget days.
On-Budget means that the actual audit hours to complete an audit did not exceed the originally budgeted hours by more than 15 percent.
On-Budget means all inflow of resources or spending, program and project aid, is aligned with the plans of budgetary units, are captured in the budget documentation, are appropriated by the Parliament and managed through the treasury system.
Examples of On-Budget in a sentence
Project Management is the process of managing the On-Time, On-Budget, and Client Satisfaction aspects of the project.
More Definitions of On-Budget
On-Budget means that all aid is reflected in the national budget documentation even if not approved by parliament in terms of the country’s public finance management legislation.
On-Budget means that, relative to a specific Project and its associated project budget and as of the specific date and draw request for which the oversight procedures contemplated by the Loan Agreement are carried out, the cumulative sum of (a) Loan disbursements and (b) advances made but not repaid pursuant to the GDB Project Loan Agreement (as defined below on page 6) (both with respect to the subject Project only), less any budgeted contingency amounts expended, are not greater than the sum of budgeted amounts associated with Project work
On-Budget means the actual hours to complete an audit did not exceed the budgeted hours by more than 15 per cent.
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