Budget Approval Process is the process of assessing, approving and authorizing a given budget to be used for operations, projects or investments. This process helps organizations maintain financial stability by encouraging accountability and responsible spending of funds. It involves multiple stakeholders in laboriously reviewing the proposed budget, identifying areas of risk, making decisions on potential adjustments and eventually approving the budget. The process not only ensures transparency but also ensures that all stakeholders are on the same page when it comes to financial decisions.