Objectives: Objectives are end points which are numerically expressed that the management seeks to achieve within a given time period. These are set by the top management and focus on broad general issues. Objectives should serve as a guide for over all business planning.
Budget: It is a statement of expected results for given future period expressed in numerical terms from which deviations can be taken care of. It is a fundamental planning instrument as making a budget involves forecasting. There are many types of budgets.