What is BE and RE in Budget? Full Form, Meaning & Example

Full Forms

BE stands for Budget Estimates;

RE stands for Revised Estimates; and

A stands for Actuals.

The short forms BE and RE are not only used for budget purposes but also in other financial, accounting and different projections. And, at any other places where it suits the purpose.

Generally, in lengthy projections in an Excel spreadsheet, where many columns and rows are involved, these short forms are used to save the lengthy space its full forms could take up in cells.

Example

Budget for Financial Year 2020-21

A) 1st Quarter Estimated Turnover Projection (As on 1st April, 2020)

April, 2020 - USD 7,000

May, 2020 - USD 6,000

June, 2020 - USD 8,000

B) 1st Quarter Revised Turnover Projection (As on 15th May, 2020)

April, 2020 - (BE) USD 7,000 - (A) USD 6,750

May, 2020 - (BE) USD 6,000 - (RE) USD 6,500

June, 2020 - (BE) USD 8,000 - (RE) USD 7,500


Here, initially, on 1st April, 2020, the company estimated the turnover for the first three months. But on 15th May, 2020, the company decided to revise the estimated figures to make it even more practical depending upon the circumstances.

Hence, you will notice that the Budget Estimate (BE) for April, 2020 for a turnover of USD 7,000 for that month resulted in an achievement of Actual (A) turnover of USD 6,750.

Further, the company wants to revise the May and June targeted turnover projections. Hence, the turnover Budget Estimate (BE) for May, 2020 of USD 6,000 and June, 2020 of USD 8,000 are being changed for Revised Estimate (RE) of USD 6,500 and USD 7,500 respectively.