top of page
Plain English definition
of
Managed budget
from
Think Local Act Personal (TLAP) Jargon Buster
Source
When your council allocates an amount of money to you as a personal budget, you can take this either as cash through a direct payment or as a managed budget (also known as a virtual budget). If you take it as a managed budget, the council manages the money for you to arrange the services you choose, and you aren't responsible for paying directly for the services you receive.
bottom of page