---
title: Legacy- Create a budget period
description: The budget period controls the promotion of the budget plans. Budget plans created for a fiscal year can be promoted only if the budget period is open.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/it-business-management/portfolio-management/create-a-budget-period.html
release: brazil
product: Portfolio Management
classification: portfolio-management
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
keywords: [Budget plan]
breadcrumb: [Legacy- Financial planning workbench, Legacy- Plan the portfolio, Legacy portfolio workbench, Portfolio Management, Project Portfolio Management, Strategic Portfolio Management]
---

# Legacy- Create a budget period

The budget period controls the promotion of the budget plans. Budget plans created for a fiscal year can be promoted only if the budget period is open.

## Before you begin

Role required: itfm\_plan\_analyst, admin

## Procedure

1.  Navigate to **All** > **Financial Planning** > **Administration** > **Budget Periods**.

2.  Click **New** in the Budget Periods list view.

3.  Enter a **Budget period** from the choice list.

4.  Enable the **Open** check box.

    Enabling the check box sets the value to true and opens the budget period for you to promote the budget plans created for a fiscal year.

5.  Click **Submit**.


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