Tulokehys

Tulokehys is a Finnish term that translates to "budget frame" or "budget structure" in English. It is primarily used in the context of financial planning and management, particularly within organizations, government bodies, or even for personal budgeting. A tulokehys outlines the financial resources allocated for a specific period, typically a fiscal year, and specifies how those resources are intended to be used.

The concept emphasizes a framework for expenditure, setting limits and priorities for spending. It is not a detailed line-item budget but rather a broader categorization of revenues and expenditures. The purpose of a tulokehys is to provide strategic direction for financial management, ensuring that spending aligns with overarching goals and objectives. It helps to manage expectations and control costs by establishing clear financial boundaries.

In practice, a tulokehys might define overall spending limits for different departments or program areas. It allows for flexibility within these broader categories while maintaining fiscal discipline. The development of a tulokehys often involves discussions and negotiations among stakeholders to agree on priorities and resource allocation. It serves as a foundational document for more detailed budgetary processes.