An operating budget is similar to a capital budget in that both are long-term budgets.

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An operating budget is a short-term budget that outlines an organization's revenue and expenses for a specific period, typically one year. On the other hand, a capital budget is a long-term budget that outlines an organization's planned investments in long-term assets, such as property, equipment, or infrastructure, over several years.

An Operating Budget Is Similar to a Capital Budget in That