diff --git a/database_updates.php b/database_updates.php
index 17ed18b8..56c14d7c 100644
--- a/database_updates.php
+++ b/database_updates.php
@@ -1236,11 +1236,28 @@ if (LATEST_DATABASE_VERSION > CURRENT_DATABASE_VERSION) {
 		mysqli_query($mysqli, "UPDATE `settings` SET `config_current_database_version` = '0.7.1'");
 	}
 
-	//if (CURRENT_DATABASE_VERSION == '0.7.0') {
-		//Insert queries here required to update to DB version 0.7.1
+	if (CURRENT_DATABASE_VERSION == '0.7.1') {
+		mysqli_query($mysqli, "CREATE TABLE `budget` (
+			`budget_id` INT(11) NOT NULL AUTO_INCREMENT,
+			`budget_month` TINYINT NOT NULL,
+			`budget_year` TINYINT NOT NULL,
+			`budget_amount` DECIMAL(15,2) NOT NULL,
+			`budget_description` VARCHAR(255) DEFAULT NULL,
+			`budget_created_at` DATETIME NOT NULL DEFAULT CURRENT_TIMESTAMP(),
+			`budget_updated_at` DATETIME DEFAULT NULL ON UPDATE CURRENT_TIMESTAMP,
+			`budget_category_id` INT(11) NOT NULL,
+			PRIMARY KEY (`budget_id`)
+		)");
 
 		// Then, update the database to the next sequential version
-		//mysqli_query($mysqli, "UPDATE `settings` SET `config_current_database_version` = '0.7.1'");
+		mysqli_query($mysqli, "UPDATE `settings` SET `config_current_database_version` = '0.7.2'");
+	}
+
+	//if (CURRENT_DATABASE_VERSION == '0.7.2') {
+		//Insert queries here required to update to DB version 0.7.3
+
+		// Then, update the database to the next sequential version
+		//mysqli_query($mysqli, "UPDATE `settings` SET `config_current_database_version` = '0.7.3'");
 	//}
 
 } else {
diff --git a/database_version.php b/database_version.php
index 88a36d75..18f3e69b 100644
--- a/database_version.php
+++ b/database_version.php
@@ -5,4 +5,4 @@
  * It is used in conjunction with database_updates.php
  */
 
-DEFINE("LATEST_DATABASE_VERSION", "0.7.1");
+DEFINE("LATEST_DATABASE_VERSION", "0.7.2");
diff --git a/db.sql b/db.sql
index 6245a398..bfb6b3d8 100644
--- a/db.sql
+++ b/db.sql
@@ -148,6 +148,26 @@ CREATE TABLE `assets` (
 ) ENGINE=InnoDB DEFAULT CHARSET=utf8mb4 COLLATE=utf8mb4_general_ci;
 /*!40101 SET character_set_client = @saved_cs_client */;
 
+--
+-- Table structure for table `budget`
+--
+
+DROP TABLE IF EXISTS `budget`;
+/*!40101 SET @saved_cs_client     = @@character_set_client */;
+/*!40101 SET character_set_client = utf8 */;
+CREATE TABLE `budget` (
+  `budget_id` int(11) NOT NULL AUTO_INCREMENT,
+  `budget_month` tinyint(4) NOT NULL,
+  `budget_year` tinyint(4) NOT NULL,
+  `budget_amount` decimal(15,2) NOT NULL,
+  `budget_description` varchar(255) DEFAULT NULL,
+  `budget_created_at` datetime NOT NULL DEFAULT current_timestamp(),
+  `budget_updated_at` datetime DEFAULT NULL ON UPDATE current_timestamp(),
+  `budget_category_id` int(11) NOT NULL,
+  PRIMARY KEY (`budget_id`)
+) ENGINE=InnoDB DEFAULT CHARSET=utf8 COLLATE=utf8_general_ci;
+/*!40101 SET character_set_client = @saved_cs_client */;
+
 --
 -- Table structure for table `calendars`
 --
@@ -1671,4 +1691,4 @@ CREATE TABLE `vendors` (
 /*!40101 SET COLLATION_CONNECTION=@OLD_COLLATION_CONNECTION */;
 /*!40111 SET SQL_NOTES=@OLD_SQL_NOTES */;
 
--- Dump completed on 2023-08-18 15:07:08
+-- Dump completed on 2023-08-18 18:20:52