The budget section of an academic research proposal is a detailed breakdown of the expected costs associated with carrying out the proposed research project. It typically includes line items for expenses such as personnel, equipment, supplies, travel, participant incentives, and other direct and indirect costs.
The budget section is important because it demonstrates to funders that the researcher has carefully considered the costs associated with their proposed project and has a realistic plan for managing those costs. In addition, the budget section can help the researcher to identify potential cost-saving measures and to prioritise their spending based on the most critical aspects of the project.