Definition, Meaning & Synonyms
budget-restraint
noun
ˈbʌdʒɪt rɪˈstreɪnt
Definition
A limitation or restriction placed on spending, particularly within a financial plan or budget.
Examples
- Many organizations implemented budget-restraint measures to cope with the economic downturn.
- The government announced new budget-restraint policies to reduce the national deficit.
Meaning
Budget-restraint refers to the practice of controlling expenditure and ensuring that spending does not exceed pre-established financial limits.
Synonyms
- spending limit
- fiscal discipline
- financial constraint
