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In this tutorial, Tracy Kaufman from Candid discusses the importance of budgets in grant proposals. She emphasizes that funders prioritize credibility and impact, with many stating that they first read the budget. A well-crafted budget provides clear details on project components, required resources, and secured versus requested funding. It serves as a vital tool to demonstrate both credibility and impact to funders. Kaufman highlights that any discrepancies or missing elements in the budget can undermine the proposal's credibility, making it essential to present accurate and comprehensive financial information.