What is a production budget?

Production budget

What is a production budget?

A production budget refers to the amount of money that has been allocated for a certain period to facilitate the production process.

Generally speaking, when we talk about a budget, it pertains to the availability of financial resources. The available budget revolves around the deployment of capital to seize opportunities, manage risks, and achieve returns. Furthermore, the available budget leads to decisions that need to be made from various elements and the options offered within them.

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