Definition
Budgetary principle, /ˈbʌdʒɪtəri ˈprɪnsɪpəl/ (UK), /ˈbʌdʒɪtɛri ˈprɪnsəpəl/ (US), encompasses fundamental concepts and values, such as transparency, accountability, and fiscal responsibility, guiding the development and management of budgets.
Example
The budgetary principle of prudence dictates that budgets should be based on realistic assumptions and conservative estimates.