"budget settlement" is a correct and usable phrase in written English.
You can use it to refer to an agreement between two parties about the budget or financial terms for a particular project or transaction. For example: "The budget settlement between the two companies resulted in a win-win situation for both parties."
"No one should doubt that the budget settlement … will mean some very difficult choices ahead," said Hall. "We will inevitably have to either close or reduce some services".
No one should doubt that the budget settlement announced by the Chancellor in his July Budget will mean some very difficult choices ahead.
Hyslop's announcement comes as cuts in public spendinghave cost her department £19m in a budget settlement fixed for only one year.
"The budget settlement for the Welsh government has been difficult and budget reductions have had to be made in a number of areas.
Lawmakers in both parties expect New York to join Powerball as part of a budget settlement, a move projected to generate $145 million a year in state revenue.
Referring to the stalemate over a new budget settlement, Mr Blair remarked: "It is said that the failure to reach a deal has deepened Europe's crisis; that Europe's credibility demanded a deal.
It was never realistic for the police to continue to receive generous annual budget settlements in perpetuity.
Allowing local authorities to plan effectively with four to five year budget settlements would encourage long-termism and make 'invest to save' projects more realistic.
In the past 12 months, despite horrendous budget settlements, those leaders have begun to revolutionise the way we get our young people jobs in Britain's 21st-century economy.
However, Labour-led councils tend to say they have to work with what they are given by central government and are powerless to resist the lower budget settlements.
West Berkshire council's head of adult social care, Tandra Forster, acknowledges that a major factor has been the need to save money after receiving "one of the worst" budget settlements.
