Producing this year's budget by making alterations to a cost centre's expenditure budget for the previous year is known as:

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Incremental budgeting involves making adjustments to the previous year's budget based on factors such as inflation, growth, and changes in the business environment. This results in an incremental increase or decrease in the budget rather than starting from scratch every year. Kaizen budgeting refers to a continuous improvement approach to budgeting, while rolling budgeting involves continually updating the budget in response to changes in the business environment. Financial budgeting is a general term for creating a budget that includes both expenses and revenue.

Producing This Year's Budget by Making Alterations to a Cost