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Acronyms that contain the term budget freeze
What does budget freeze mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: budget freeze.
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What does budget freeze mean?
- Budget freeze
- A budget freeze in the USA is when a budget for an aspect of government or business is fixed- or frozen- at a specific level. One can be applied in a business to increase profits as well as in a government, often to reduce taxes. Budget freezes become especially notable in difficult economic situations. In these cases, businesses can have problems acquiring funds, necessitating a reduction in spending. During times of economic or financial crisis, the government also loses revenue and faces pressure to lower tax burdens. This means that budget freezes may be used as a way of reducing money spent.
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"budget freeze." Abbreviations.com. STANDS4 LLC, 2024. Web. 8 Jun 2024. <https://www.abbreviations.com/budget%20freeze>.
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