Top down and Bottom up Budgeting

Top-down and bottom-up are two different approaches to the setting of budgets.

Definitions

 A top down budget is a budget that is set without allowing the ultimate budget holder to have the opportunity to participate in the budgeting process.

 A bottom up budget is a system of budgeting in which budget holders have the opportunity to participate in setting their own budgets. Also called participative budgeting.

Advantages and disadvantages of top down and bottom up budgeting

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Tags:	participation;top down;bottom up