Definition
Budgetary planning, /ˈbʌdʒɪtəri ˈplænɪŋ/ (UK), /ˈbʌdʒɪtɛri ˈplænɪŋ/ (US), involves the process of developing financial goals, objectives, and strategies within a predetermined budgetary framework.
Example
A company or organization’s finance team involves in comprehensive budgetary planning to allocate resources efficiently and achieve organizational targets.