(redirected from Planned capital expenditure program) Also found in: Financial.
The monies that an enterprise allocates for the purchase of fixed and durable goods. In a hospital, the capital budget is used to purchase beds, buildings, equipment, and other items that are not part of its operating costs.
Rating concerns facing the utility primarily take into the company's pending electric rate case, exposure to the sluggish Michigan economy, particularly in the automotive sector, as well as a large planned capital expenditure program through 2012.
The investment of Euro 42 million, which is part of NXP's planned capital expenditure program, will help meet increased demand; NXP sales are predicted to increase to some 550 million sound components in 2007, an annual increase of over 50 percent, and the company aims to create over one billion units by 2010.
While HOVENSA's present liquidity position is strong, the refinery's planned capital expenditure program (Clean Fuels Program) needed to comply with recently enacted low sulfur gasoline and diesel regulations requires a significant financial commitment over the intermediate term.