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Managing Budgets

This topic discusses how to view and manage your budgets.

Using the Console

To create a budget

Open the navigation menu. Under Governance and Administration, go to Billing and click Budgets.
Click Create Budget at the top of the budgets list. The Create Budget dialog is displayed.
Select either Compartment or Cost-Tracking Tag to select the type of target for your budget.
Select the target for your budget:
- For budgets targeting a compartment:
  - Select a target compartment for your budget from the Target Compartment drop-down list. Note that while the budget tracks spending in the specified target compartment, but you need to have permissions to manage budgets in the root compartment of the tenancy to create and use budgets.
- For budgets targeting a cost-tracking tag:
  - Select a tag namespace
  - Select a target cost-tracking tag key.
  - Enter a value for the cost-tracking tag.
Enter a name for your budget in the Name text field. The name can only contain alphanumeric characters, dashes, and the underscore character, and can’t begin with a number.
Enter a monthly amount for your budget in the Monthly Budget Amount field. The minimum allowed value for your monthly budget is 1; the maximum allowed value is 999,999,999,999.
You can optionally create an alert for your budget by creating a budget alert rule. In the Budget Alert Rule panel on the Create Budget dialog, configure your alert rule:
1. Select a threshold for your alert from the Threshold Metric drop-down list. There are two possible values:
  Actual Spend will watch the actual amount you spend in your compartment per month;
  Forecast Spend will watch your resource usage and alert you when it appears that you'll exceed your budget. The forecast algorithm is linear extrapolation and requires at least 3 days of consumption to trigger
2. Select a threshold type from the Threshold Type drop-down list. You can select either a percentage of your monthly budget (which must be greater than 0 and no greater than 10,000) or a fixed amount.
3. The label of the next text field changes depending on what type of threshold you selected. Enter either a Threshold % or a Threshold Amount.
4. In the Email Recipients field, enter one or more email addresses to receive the alerts. Multiple addresses can be separated using a comma, semicolon, space, tab, or new line.
5. Enter the body of your email alert in the Email Message field. The text of the email message cannot exceed 1000 characters. This message will be included with metadata about your budget, including the budget name, the compartment, and the amount of your monthly budget. You can use this message to for things like providing instructions to the recipient that explain how to request a budget increase or reminding users about corporate policies.
Advanced Options (optional): Click the Show Advanced Options link to add Tags to your Budget. Optionally, you can apply tags. If you have permissions to create a resource, you also have permissions to apply free-form tags to that resource. To apply a defined tag, you must have permissions to use the tag namespace. For more information about tagging, see Resource Tags. If you are not sure if you should apply tags, skip this option (you can apply tags later) or ask your administrator.
Click the Create button to create your budget.

To view or edit a budget

To delete a budget

To manage tags for a budget

Using the API

For information about using the API and signing requests, see REST APIs and Security Credentials. For information about SDKs, see Software Development Kits and Command Line Interface.

Use the following operation to manage budgets:

Oracle Cloud Infrastructure Documentation

Managing Budgets

Using the Console

Using the API