Submitted by angrybird7677 t3_zzswm0 in explainlikeimfive
TransSlutUK t1_j2f47ew wrote
Reply to comment by DirtyThunderer in ELI5: Why do companies require annual budget be spent 100%? by angrybird7677
If you start the year with an allocated budget, you are careful to make it last to cover emergencies and essentials. When you have limited time before the next budget arrives you can switch to the 'nice to haves to increase productivity/replace before they fail' it's basic common sense not rocket science. It is a tried and tested approach that works.
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