Definition of Top-down budgeting:
A budget planning strategy where cost estimates are generated by working from the highest level downwards. In top-down budgeting, a cost is typically put on each unit of raw materials, services or labor required for the project, and the estimated number of units is then converted into a monetary sum to produce the overall cost estimate to be used by the business. Opposite of bottom-up budgeting.
Meaning of Top-down budgeting & Top-down budgeting Definition