What is the difference between financial forecasting and budgeting?

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2025-01-10 14:19:37 -

In the world of business finance, financial forecasting and budgeting are two essential tools that help guide decision-making, resource allocation, and strategic planning. Though they are often used interchangeably, they serve distinct purposes and have different focuses. Understanding the difference between the two can help businesses use both effectively to navigate financial planning and...

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