---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Manage cloud budgets

# Manage cloud budgets {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

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

## Create or update a budget policy {#ariaid-title2}

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.
{#create-budget-policy__ul_vrb_2nb_dxb}

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 WorkspaceBudget.
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://servicenow-prod.fluidtopics.net/zEMEzRiYoBI~yjEu51Qnng "Fields on the Budget policy creation form help you create a budget policy to specify a budgeted amount, cost type, reset period, and other aspects of the budget.").
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.

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