Definition
Budgetary variance, /ˈbʌdʒɪtəri ˈvɛəriəns/ (UK), /ˈbʌdʒɪtɛri ˈvɛriəns/ (US), refers to the difference between budgeted and actual financial outcomes within a budgetary period.
Example
The M&U company’s finance team carefully analyzed budgetary variances to identify areas where spending exceeded expectations and implemented corrective measures.