---
title: Manage cloud budgets
description: Define and monitor custom budget plans for managing your cloud spend by using the Budget view in the Cloud Cost Management Workspace.Create budget policy to specify a budgeted amount, cost type, reset period, and other aspects of the budget. In addition, specify who can view budget data and who is notified of variances from the budgeted amount.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/cloud-cost-management/manage-cloud-budgets.html
release: australia
product: Cloud Cost Management
classification: cloud-cost-management
topic_type: concept
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Use, Cloud Cost Management, IT Asset Management, Asset Management]
---

# Manage cloud budgets

Define and monitor custom budget plans for managing your cloud spend by using the Budget view in the Cloud Cost Management Workspace.

**Parent Topic:**[Using Cloud Cost Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/using-cloud-insights.md)

## Create or update a budget policy

Create budget policy to specify a budgeted amount, cost type, reset period, and other aspects of the budget. In addition, specify who can view budget data and who is notified of variances from the budgeted amount.

### Before you begin

-   A cloud account \(parent account\) that has at least one service account and associated datacenters is required.
-   A Billing Download job must be defined.

    **Note:** For Microsoft Azure, you must first execute a Billing Download job before defining a budget plan.


Role required: insights\_admin \[sn\_clin\_core.insights\_admin\] or insights\_owner \[sn\_clin\_core.insights\_owner\] for owned service accounts.

### About this task

You must select one of the Cloud Cost Management application scopes to create or update a budget policy.

### Procedure

1.  Navigate to **Cloud Cost Management Workspace** > **Budget**.

2.  Select **Create budget**.

3.  On the Budget policy creation form, fill in the fields.

    For a description of the field values, see [List of Budget policy creation fields](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/budget-policy-fields.md).

4.  Select **Submit**.


### Result

After you create or modify a budget policy, the policies get displayed on the **All Budgets** page in the Budgets view. Find the details of the budget such as overrun, surplus, or invalid budgets. You can view only the overrun budgets by toggling the **Show overrun budget only** toggle button. Search a budget by its name, owner, or provider.