centralized budgeting
[/ˈsen.trə.laɪzd ˈbʌdʒ.ɪ.tɪŋ/]
nounpl: centralized budgeting processes
orçamentação centralizada
1. A budgeting system in which financial planning, allocation, and control decisions are made at a central authority level rather than distributed across multiple departments or organizational units
The company implemented centralized budgeting to ensure consistent financial policies across all divisions.
A empresa implementou orçamentação centralizada para garantir políticas financeiras consistentes em todas as divisões.
2. A budgeting approach where a single department or executive office controls the distribution of funds to all departments
Under centralized budgeting, department heads must submit requests to the finance office for approval.
Sob orçamentação centralizada, os chefes de departamento devem apresentar solicitações ao escritório de finanças para aprovação.
Centralized budgeting is prevalent in large Brazilian corporations, government agencies, and public institutions. It reflects hierarchical organizational structures common in formal Brazilian business culture. In multinational companies operating in Brazil, this approach is often adopted to maintain corporate standards and ensure financial compliance across different locations.
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