What is meant by interim budget? Explain the pros and cons of it?

What is meant by interim budget? Explain the pros and cons of it?
thank you..

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Re: What is meant by interim budget? Explain the pros and cons of it?
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Hi,

An interim budget is essentially a budget than helps bridge two different periods of time.
Interim budgets span the time between one primary budget and another, so that organizations have a list of ways to spend their funds when in doubt.
Often, interim budgets are constructed to move projects from one stage to another, each interim budget adapting to new or changing costs.
For instance, one stage of a project may require production costs, while the next stage may call for marketing expenses.
The interim budget allows for necessary changes as the project develops.

Hope that now you would have understood the concept of interim budget!

Bye!