What is the difference between "Master Budget" and "Capital Budget"?

Capital Budget is a budget that details the planned expenditures for facilities, equipment, new products, and other long - term investments.
Master Budget is a budget that summarizes the planned activities of all subunits of an organization – sales, production, distribution and finance.

Master Budget also called Comprehensive Budget or Annual Profit Plan , encompasses the organizations operating and financial plans for a specific period .
Operating Budget emphasis on obtaining and using current resources its content
1- Sales Budget2-Production Budget
3- Direct Material Budget
4- Direct Labour Budget
5- Manufacturing Overhead Budget
6- Ending Finished goods inventory
7- Cost of goods sold Budget
8- Nonmanufacturing Budget
9- Pro forma Income Statement Financial Budget emphasis on obtaining the funds needed to purchase operating assets its content
1- Capital Budget completed before operating budget is begun
2- Projected cash disbursement schedule
3- Projected cash collection schedule
4- Cash Budget
5- Proforma balance sheet
6- Proforma statement of cash flow

The main difference between the budget and the budget is the Subcommittee: Budget Home is a collection of sub-budgets, such as sales and balance the budget expenses, etc.

the capital budget is for long term investment, while master budget is the main budget of the company which compiles and summarises the opeational budgets

All functional budgets are consolidated into master budgets, whereas budget for investment in long-term asset is called capital budget.

Master Budget covers the entire plan that is complete business activities - from procurement of funds to results of business operations, whereas the capital budget mainly aims at procurement of funds and disbursement of funds.