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Managed budget

Plain English definition

From:

Think Local Act Personal (TLAP) Jargon Buster

Think Local Act Personal

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.

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