---
title: Legacy: Create a budget target
description: A budget target is an estimated amount of money for a specific fiscal period and budget key combination for operating and capital expenses. Use budget targets to set up a financial goal for a budget plan.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-management/t\_CreateABudgetTarget.html
release: australia
product: Portfolio Management
classification: portfolio-management
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Legacy- Financial planning workbench, Legacy- Plan the portfolio, Legacy portfolio workbench, Portfolio Management, Project Portfolio Management, Strategic Portfolio Management]
---

# Legacy: Create a budget target

A budget target is an estimated amount of money for a specific fiscal period and budget key combination for operating and capital expenses. Use budget targets to set up a financial goal for a budget plan.

## Before you begin

Role required: itfm\_plan\_analyst, admin

## Procedure

1.  Navigate to **All** > **Financial Planning** > **Financial Planning** > **Budget Targets**.

2.  Fill in the form fields \(see table\).

3.  Click **Submit**.

    |Field|Description|
    |-----|-----------|
    |Budget Key|The budget key to which this target applies. Select a key.|
    |Fiscal period|The fiscal period year to which this target applies. Select a fiscal period.|
    |Target Currency|The currency in use.|
    |Capital Target|The amount of the target in the currency being used.|
    |Operating Target|The target amount for operating expenses.|


**Parent Topic:**[Legacy- Financial planning workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/financial-planning-workbench.md)